APA Corporation (NASDAQ:APA) Shares Purchased by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC increased its stake in APA Corporation (NASDAQ:APA - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,915 shares of the company's stock after acquiring an additional 12,861 shares during the quarter. Lodestone Wealth Management LLC's holdings in APA were worth $1,575,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in APA during the fourth quarter worth $1,442,000. US Bancorp DE raised its position in APA by 2.2% in the fourth quarter. US Bancorp DE now owns 47,719 shares of the company's stock valued at $1,102,000 after purchasing an additional 1,010 shares during the period. Jones Financial Companies Lllp lifted its stake in APA by 263.2% during the fourth quarter. Jones Financial Companies Lllp now owns 11,499 shares of the company's stock worth $266,000 after purchasing an additional 8,333 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of APA during the fourth quarter worth $137,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of APA by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after buying an additional 894,574 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Up 2.9%

Shares of APA stock opened at $19.49 on Thursday. The stock has a market cap of $7.05 billion, a P/E ratio of 7.01, a P/E/G ratio of 5.99 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The business has a fifty day simple moving average of $17.84 and a 200-day simple moving average of $19.80.

APA (NASDAQ:APA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.17 billion. APA had a return on equity of 23.22% and a net margin of 9.75%. APA's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. On average, analysts forecast that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be issued 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 5.13%. APA's dividend payout ratio (DPR) is presently 35.97%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna cut their target price on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Mizuho cut their target price on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research report on Tuesday, May 13th. Argus raised APA to a "hold" rating in a research report on Friday, May 16th. Citigroup lifted their target price on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada decreased their price target on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, APA currently has a consensus rating of "Hold" and an average target price of $24.72.

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.

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.