Baird Financial Group Inc. Has $741,000 Position in APA Co. (NASDAQ:APA)

Baird Financial Group Inc. lowered its holdings in shares of APA Co. (NASDAQ:APA) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,107 shares of the company’s stock after selling 38,893 shares during the period. Baird Financial Group Inc.’s holdings in APA were worth $741,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock worth $219,016,000 after buying an additional 200,770 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of APA by 22.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock valued at $1,503,000 after acquiring an additional 12,077 shares during the period. US Bancorp DE lifted its holdings in shares of APA by 2.2% during the fourth quarter. US Bancorp DE now owns 47,719 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,010 shares during the period. Baader Bank Aktiengesellschaft lifted its holdings in shares of APA by 175.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock valued at $543,000 after acquiring an additional 14,980 shares during the period. Finally, Country Club Bank lifted its holdings in shares of APA by 148.8% during the fourth quarter. Country Club Bank now owns 181,420 shares of the company’s stock valued at $4,067,000 after acquiring an additional 108,492 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price objective on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Piper Sandler cut their price objective on APA from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday. Scotiabank cut their price objective on APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Finally, Morgan Stanley set a $20.00 price objective on APA and gave the company an “underweight” rating in a report on Tuesday, April 15th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.37.

APA Stock Performance

Shares of NASDAQ:APA opened at $18.17 on Thursday. The stock has a market capitalization of $6.57 billion, a P/E ratio of 2.57 and a beta of 1.18. APA Co. has a 1-year low of $13.58 and a 1-year high of $33.41. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $17.57 and a two-hundred day moving average price of $20.81.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. Equities analysts predict that APA Co. will post 4.03 earnings per share for the current year.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.