Atria Wealth Solutions Inc. Has $1.55 Million Holdings in APA Corporation $APA

Key Points

• Atria Wealth Solutions Inc. increased its stake in APA Corporation by 68.8%, owning 84,937 shares worth approximately $1.55 million after acquiring an additional 34,619 shares.
• APA Corporation has recently received upgraded ratings from various brokerages, with price targets ranging from $21.00 to $28.00 and a current average rating of "Hold."
• The company will pay a quarterly dividend of $0.25 per share on November 21st, which equates to an annualized dividend yield of 4.3%.

Atria Wealth Solutions Inc. lifted its stake in shares of APA Corporation (NASDAQ:APA - Free Report) by 68.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,937 shares of the company's stock after buying an additional 34,619 shares during the period. Atria Wealth Solutions Inc.'s holdings in APA were worth $1,554,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC increased its holdings in shares of APA by 2,709.8% during the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock worth $30,000 after buying an additional 1,382 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of APA by 499.2% during the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after buying an additional 1,288 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of APA by 144.9% in the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company's stock worth $34,000 after purchasing an additional 1,104 shares during the last quarter. Toth Financial Advisory Corp bought a new stake in shares of APA in the second quarter worth $49,000. Finally, SVB Wealth LLC bought a new stake in shares of APA in the first quarter worth $55,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APA. Evercore ISI boosted their price objective on shares of APA from $16.00 to $21.00 in a research note on Monday. The Goldman Sachs Group raised shares of APA from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Royal Bank Of Canada boosted their price objective on shares of APA from $23.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Monday. Raymond James Financial reissued an "outperform" rating and issued a $28.00 price objective (up previously from $26.00) on shares of APA in a research note on Wednesday, September 10th. Finally, Barclays boosted their price objective on shares of APA from $21.00 to $22.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, APA presently has an average rating of "Hold" and an average target price of $24.26.

APA Stock Performance

Shares of APA opened at $23.00 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $8.23 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 6.70 and a beta of 1.16. The firm's fifty day simple moving average is $22.84 and its two-hundred day simple moving average is $19.58. APA Corporation has a 12 month low of $13.58 and a 12 month high of $25.83.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, analysts predict that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA's dividend payout ratio is 33.44%.

About APA

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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