Amalgamated Bank Sells 3,799 Shares of APA Co. (NASDAQ:APA)

Amalgamated Bank decreased its holdings in APA Co. (NASDAQ:APA) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,746 shares of the company’s stock after selling 3,799 shares during the quarter. Amalgamated Bank’s holdings in APA were worth $3,902,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of APA during the 3rd quarter valued at about $34,000. Rakuten Securities Inc. purchased a new position in APA during the fourth quarter valued at approximately $34,000. Quent Capital LLC boosted its position in shares of APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after purchasing an additional 375 shares during the period. Tobam purchased a new stake in shares of APA in the fourth quarter worth $52,000. Finally, CVA Family Office LLC bought a new stake in shares of APA during the 4th quarter valued at $56,000. 83.01% of the stock is currently owned by institutional investors.

APA Trading Up 0.8 %

APA stock opened at $30.51 on Thursday. APA Co. has a twelve month low of $28.90 and a twelve month high of $46.15. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 3.41 and a beta of 3.29. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.42. The firm’s fifty day simple moving average is $32.54 and its two-hundred day simple moving average is $33.80.

APA (NASDAQ:APA) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. As a group, analysts anticipate that APA Co. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a report on Tuesday, March 26th. Truist Financial cut their target price on APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho lowered their price target on APA from $34.00 to $32.00 and set an “underperform” rating on the stock in a report on Thursday, May 2nd. Scotiabank reaffirmed a “sector perform” rating and set a $37.00 price objective (down from $43.00) on shares of APA in a report on Tuesday, January 16th. Finally, Wells Fargo & Company began coverage on shares of APA in a report on Wednesday, April 24th. They issued an “overweight” rating and a $55.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.20.

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.