APA Corporation $APA Shares Bought by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC raised its stake in APA by 9.2% in Q4, buying 31,089 shares to hold 367,366 shares worth about $8.99 million, and institutional investors now own roughly 83.0% of the company.
• Director Matthew Regis Bob sold 23,000 shares on March 18 at an average $36.23, reducing his ownership by 77.6% (insiders now own 1.30% of APA).
• APA beat quarterly EPS estimates ($0.91 vs. $0.62) on $1.99 billion in revenue, and announced a quarterly dividend of $0.25 per share (2.3% yield) payable May 22.

SG Americas Securities LLC raised its holdings in shares of APA Corporation (NASDAQ:APA - Free Report) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,366 shares of the company's stock after buying an additional 31,089 shares during the quarter. SG Americas Securities LLC owned about 0.10% of APA worth $8,986,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Howard Capital Management Inc. lifted its stake in shares of APA by 0.5% in the third quarter. Howard Capital Management Inc. now owns 94,848 shares of the company's stock worth $2,303,000 after buying an additional 485 shares in the last quarter. one8zero8 LLC grew its stake in APA by 1.2% during the 3rd quarter. one8zero8 LLC now owns 42,254 shares of the company's stock valued at $1,026,000 after acquiring an additional 488 shares in the last quarter. Arizona State Retirement System raised its holdings in APA by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 106,734 shares of the company's stock valued at $2,592,000 after acquiring an additional 517 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in APA by 19.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,349 shares of the company's stock worth $61,000 after purchasing an additional 550 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. lifted its stake in APA by 1.9% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 30,093 shares of the company's stock worth $736,000 after purchasing an additional 555 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at APA

In other news, Director Matthew Regis Bob sold 23,000 shares of APA stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the sale, the director directly owned 6,634 shares of the company's stock, valued at approximately $240,349.82. The trade was a 77.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

APA has been the subject of a number of analyst reports. Truist Financial initiated coverage on APA in a research report on Tuesday, March 24th. They issued a "hold" rating and a $38.00 price target for the company. Stephens boosted their price objective on APA from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 17th. Evercore upped their target price on APA from $25.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, March 24th. Raymond James Financial raised their target price on APA from $31.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 25th. Finally, Citigroup lifted their price target on APA from $25.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, APA has an average rating of "Hold" and an average target price of $34.58.

APA Price Performance

Shares of APA opened at $43.74 on Tuesday. The firm has a 50-day simple moving average of $31.06 and a two-hundred day simple moving average of $26.68. The stock has a market cap of $15.45 billion, a PE ratio of 10.96 and a beta of 0.67. APA Corporation has a 1-year low of $13.58 and a 1-year high of $45.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. APA had a net margin of 15.55% and a return on equity of 19.89%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business posted $0.79 EPS. The business's revenue for the quarter was down 26.6% compared to the same quarter last year. As a group, analysts forecast that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, April 22nd. APA's dividend payout ratio (DPR) is currently 25.06%.

APA Profile

APA Corporation NASDAQ: APA is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA's largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.

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