swisspartners Advisors Ltd Has $7.06 Million Position in APA Corporation (NASDAQ:APA)

swisspartners Advisors Ltd raised its holdings in APA Corporation (NASDAQ:APA - Free Report) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,750 shares of the company's stock after buying an additional 28,520 shares during the quarter. APA comprises 6.6% of swisspartners Advisors Ltd's investment portfolio, making the stock its 7th largest position. swisspartners Advisors Ltd owned approximately 0.09% of APA worth $7,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in shares of APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 1,077 shares during the period. Riverview Trust Co grew its holdings in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of APA by 2,709.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock worth $30,000 after acquiring an additional 1,382 shares during the period. Rakuten Securities Inc. raised its position in shares of APA by 499.2% in the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of APA in the 4th quarter valued at approximately $35,000. 83.01% of the stock is currently owned by institutional investors.

APA Stock Up 0.6%

APA traded up $0.11 during trading on Friday, hitting $18.56. 8,111,903 shares of the company's stock traded hands, compared to its average volume of 7,200,858. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 5.63 and a beta of 1.25. The company's 50 day simple moving average is $17.60 and its two-hundred day simple moving average is $19.90. APA Corporation has a 12-month low of $13.58 and a 12-month high of $33.41. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81.

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

APA Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's payout ratio is presently 35.97%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley upped their price target on APA from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Friday, May 23rd. 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. Barclays lowered their price target on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group restated a "sell" rating and issued a $23.00 price objective on shares of APA in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.