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APA Corporation (NASDAQ:APA) Shares Bought by Koss Olinger Consulting LLC

APA logo with Energy background

Key Points

  • Koss Olinger Consulting LLC increased its holdings in APA Corporation by 271.8%, owning 43,463 shares valued at $914,000 at the end of Q1.
  • APA Corporation reported a quarterly EPS of $0.87, exceeding analysts' expectations of $0.45, with a revenue of $2.18 billion.
  • The company declared a quarterly dividend of $0.25 per share, representing a dividend yield of 5.0%.
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Koss Olinger Consulting LLC grew its position in shares of APA Corporation (NASDAQ:APA - Free Report) by 271.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,463 shares of the company's stock after purchasing an additional 31,774 shares during the period. Koss Olinger Consulting LLC's holdings in APA were worth $914,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APA. Cerity Partners LLC boosted its stake in shares of APA by 1,079.7% during the 4th quarter. Cerity Partners LLC now owns 338,704 shares of the company's stock worth $7,845,000 after purchasing an additional 309,994 shares during the last quarter. Bank of Montreal Can boosted its position in shares of APA by 7.0% in the fourth quarter. Bank of Montreal Can now owns 384,493 shares of the company's stock worth $8,878,000 after acquiring an additional 25,084 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of APA by 38.4% in the fourth quarter. Bank of Nova Scotia now owns 65,577 shares of the company's stock worth $1,514,000 after acquiring an additional 18,182 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of APA in the fourth quarter worth approximately $4,043,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of APA in the fourth quarter worth approximately $14,524,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Trading Up 2.8%

APA opened at $20.01 on Friday. The firm has a market capitalization of $7.24 billion, a P/E ratio of 6.69, a P/E/G ratio of 6.54 and a beta of 1.23. The firm's 50 day moving average is $19.16 and its 200-day moving average is $19.07. APA Corporation has a 52-week low of $13.58 and a 52-week high of $29.88. The company has a quick ratio of 0.89, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.42. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.03 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The business's quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.0%. APA's dividend payout ratio (DPR) is currently 33.44%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of APA from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Friday, July 18th. Citigroup raised their target price on shares of APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Scotiabank reissued a "sector perform" rating and issued a $22.00 target price (up from $14.00) on shares of APA in a research report on Friday, July 11th. Raymond James Financial reissued an "outperform" rating and issued a $26.00 target price (up from $25.00) on shares of APA in a research report on Tuesday, July 22nd. Finally, UBS Group reissued a "neutral" rating and issued a $19.00 target price (up from $18.00) on shares of APA in a research report on Monday, July 14th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $23.59.

Read Our Latest Stock Analysis on APA

APA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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