Clear Creek Financial Management LLC purchased a new position in shares of APA Corporation (NASDAQ:APA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,030 shares of the company's stock, valued at approximately $295,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC raised its position in shares of APA by 0.4% during the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock valued at $2,630,000 after purchasing an additional 449 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of APA by 1.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after purchasing an additional 517 shares during the period. Albert D Mason Inc. raised its position in shares of APA by 5.7% during the 1st quarter. Albert D Mason Inc. now owns 12,261 shares of the company's stock valued at $258,000 after purchasing an additional 657 shares during the period. Greenwood Capital Associates LLC raised its position in shares of APA by 2.7% during the 1st quarter. Greenwood Capital Associates LLC now owns 28,107 shares of the company's stock valued at $591,000 after purchasing an additional 730 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of APA by 3.4% during the 4th quarter. Janus Henderson Group PLC now owns 25,864 shares of the company's stock valued at $597,000 after purchasing an additional 848 shares during the period. 83.01% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on APA shares. Barclays cut their target price on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley raised their target price on shares of APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. Citigroup raised their target price on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Piper Sandler cut their target price on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company cut their target price on shares of APA from $23.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, APA currently has an average rating of "Hold" and a consensus target price of $24.72.
Check Out Our Latest Report on APA
APA Price Performance
Shares of NASDAQ:APA traded down $0.01 on Friday, reaching $19.49. The company's stock had a trading volume of 3,506,141 shares, compared to its average volume of 7,200,490. APA Corporation has a 52-week low of $13.58 and a 52-week high of $33.41. The company has a market cap of $7.05 billion, a P/E ratio of 7.01, a PEG ratio of 6.18 and a beta of 1.25. The company has a 50-day simple moving average of $17.97 and a 200 day simple moving average of $19.76. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89.
APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.23. APA had a net margin of 9.75% and a return on equity of 23.22%. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period last year, the company posted $0.78 EPS. The business's revenue was up 35.1% on a year-over-year basis. As a group, equities research analysts anticipate that APA Corporation will post 4.03 EPS for the current fiscal year.
APA Dividend Announcement
The firm also recently disclosed 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. 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 payout ratio is currently 35.97%.
APA Company Profile
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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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