Nisa Investment Advisors LLC Has $2.82 Million Stock Position in APA Co. (NASDAQ:APA)

Nisa Investment Advisors LLC increased its stake in shares of APA Co. (NASDAQ:APA) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,760 shares of the company’s stock after purchasing an additional 6,152 shares during the period. Nisa Investment Advisors LLC’s holdings in APA were worth $2,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates increased its stake in APA by 29.2% in the second quarter. Raymond James & Associates now owns 644,140 shares of the company’s stock valued at $18,963,000 after purchasing an additional 145,695 shares in the last quarter. Boston Trust Walden Corp bought a new stake in shares of APA in the 2nd quarter valued at $5,787,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in APA by 32.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 987,588 shares of the company’s stock worth $29,075,000 after buying an additional 243,325 shares during the period. Lakewood Asset Management LLC bought a new position in APA during the second quarter worth about $868,000. Finally, Murphy Pohlad Asset Management LLC lifted its holdings in APA by 3.3% during the second quarter. Murphy Pohlad Asset Management LLC now owns 114,550 shares of the company’s stock worth $3,372,000 after acquiring an additional 3,640 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on APA. Bank of America reaffirmed an “underperform” rating and set a $31.00 price target on shares of APA in a research report on Friday, June 14th. Sanford C. Bernstein dropped their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Barclays reduced their price target on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Evercore ISI lowered shares of APA from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $52.00 to $39.00 in a report on Friday, June 14th. Finally, Truist Financial increased their target price on APA from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.27.

APA Trading Down 3.4 %

APA stock opened at $28.33 on Wednesday. The firm has a 50-day moving average of $29.46 and a 200-day moving average of $30.74. APA Co. has a one year low of $26.81 and a one year high of $46.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.16. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 3.17 and a beta of 3.26.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the business posted $0.85 EPS. APA’s revenue was up 41.6% on a year-over-year basis. On average, equities analysts expect that APA Co. will post 4.17 earnings per share for the current fiscal 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.