APA Corporation (NASDAQ:APA) Shares Bought by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. raised its holdings in shares of APA Corporation (NASDAQ:APA - Free Report) by 11.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 239,033 shares of the company's stock after purchasing an additional 24,583 shares during the period. Gibraltar Capital Management Inc. owned 0.07% of APA worth $5,024,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock worth $30,000 after purchasing an additional 1,382 shares during the last quarter. Rakuten Securities Inc. grew its holdings in APA by 499.2% in the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after purchasing an additional 1,288 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in APA in the fourth quarter worth $35,000. Finally, Siemens Fonds Invest GmbH purchased a new position in APA in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 83.01% of the company's stock.

APA Stock Performance

NASDAQ APA traded down $0.05 on Thursday, hitting $20.40. 6,139,095 shares of the company's stock traded hands, compared to its average volume of 7,224,441. 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 Corporation has a 1-year low of $13.58 and a 1-year high of $33.41. The firm's 50-day moving average price is $18.21 and its two-hundred day moving average price is $19.76. The firm has a market capitalization of $7.38 billion, a PE ratio of 7.34, a P/E/G ratio of 6.61 and a beta of 1.25.

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

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio is currently 35.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on APA shares. Susquehanna cut their price target on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial reissued an "outperform" rating and set a $25.00 target price (up previously from $23.00) on shares of APA in a research report on Friday, May 30th. The Goldman Sachs Group reissued a "sell" rating and set a $23.00 target price on shares of APA in a research report on Wednesday, March 19th. Mizuho dropped their target price on shares of APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada dropped their target price on shares of APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $24.83.

APA 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.