APA Corporation $APA Shares Sold by Sei Investments Co.

Key Points

• Sei Investments Co. has reduced its stake in APA Corporation by 7.5%, selling 22,080 shares, and now owns approximately 0.08% of the company worth $5.88 million.
• APA Corporation declared a quarterly dividend of $0.25 per share, resulting in an annualized dividend of $1.00 and a yield of 4.9%.
• The company reported earnings of $0.87 per share for the most recent quarter, significantly exceeding analysts' expectations and reflecting a 14.4% revenue decline from the previous year.

Sei Investments Co. reduced its stake in APA Corporation (NASDAQ:APA - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,516 shares of the company's stock after selling 22,080 shares during the period. Sei Investments Co. owned approximately 0.08% of APA worth $5,879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in APA by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company's stock worth $292,871,000 after purchasing an additional 1,046,893 shares during the period. Dimensional Fund Advisors LP grew its position in shares of APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after buying an additional 1,540,055 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of APA by 29.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock worth $122,328,000 after buying an additional 1,195,212 shares in the last quarter. Northern Trust Corp grew its position in shares of APA by 7.2% during the fourth quarter. Northern Trust Corp now owns 4,025,421 shares of the company's stock worth $92,947,000 after buying an additional 269,865 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of APA by 32.2% during the fourth quarter. First Trust Advisors LP now owns 2,166,968 shares of the company's stock worth $50,035,000 after buying an additional 528,159 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Price Performance

Shares of APA traded down $0.1950 during trading hours on Tuesday, reaching $20.2150. 3,418,541 shares of the company traded hands, compared to its average volume of 8,046,414. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.23 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 6.22 and a beta of 1.23. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $29.47. The stock has a fifty day simple moving average of $19.43 and a 200 day simple moving average of $18.93.

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

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 33.44%.

Wall Street Analyst Weigh In

APA has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on APA from $22.00 to $23.00 and gave the stock an "underweight" rating in a research report on Monday. UBS Group reissued a "neutral" rating and set a $19.00 price objective (up from $18.00) on shares of APA in a research report on Monday, July 14th. Mizuho lowered their price objective on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a research report on Tuesday, May 13th. Scotiabank reaffirmed a "sector perform" rating and issued a $22.00 price target (up from $14.00) on shares of APA in a report on Friday, July 11th. Finally, Roth Capital cut APA from a "buy" rating to a "neutral" rating and set a $22.00 price objective for the company. in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $23.72.

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.