Siemens Fonds Invest GmbH Invests $42,000 in APA Co. (NASDAQ:APA)

Siemens Fonds Invest GmbH acquired a new position in shares of APA Co. (NASDAQ:APA) in the 4th quarter, Holdings Channel reports. The fund acquired 1,813 shares of the company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of APA by 6.9% during the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company’s stock worth $305,498,000 after buying an additional 850,052 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of APA by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company’s stock worth $297,540,000 after buying an additional 894,574 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock worth $142,823,000 after buying an additional 1,540,055 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of APA by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after buying an additional 929,770 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on APA shares. Piper Sandler reduced their price objective on APA from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada reduced their price target on APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Susquehanna reduced their price target on APA from $31.00 to $30.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley set a $20.00 price target on APA and gave the company an “underweight” rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $23.00 price target on shares of APA in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.37.

APA Stock Performance

APA opened at $17.59 on Monday. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.41. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 2.48 and a beta of 1.18. The business has a 50 day moving average of $17.51 and a 200-day moving average of $20.69. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm posted $0.78 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. On average, equities research analysts expect that APA Co. will post 4.03 earnings per share for the current year.

APA 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.