Gibraltar Capital Management Inc. increased 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 Securities and Exchange Commission (SEC). The institutional investor owned 239,033 shares of the company's stock after buying an additional 24,583 shares during the period. Gibraltar Capital Management Inc. owned about 0.07% of APA worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in APA. US Bancorp DE increased its stake in APA by 2.2% during the 4th quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after buying an additional 1,010 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of APA by 263.2% in the fourth quarter. Jones Financial Companies Lllp now owns 11,499 shares of the company's stock worth $266,000 after acquiring an additional 8,333 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of APA by 12.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,415,364 shares of the company's stock worth $32,681,000 after purchasing an additional 154,040 shares in the last quarter. Atria Investments Inc raised its stake in APA by 1.9% in the 4th quarter. Atria Investments Inc now owns 56,545 shares of the company's stock valued at $1,306,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in APA in the 4th quarter valued at $1,442,000. Institutional investors and hedge funds own 83.01% of the company's stock.
APA Stock Performance
APA stock traded down $0.05 on Wednesday, hitting $20.45. The company's stock had a trading volume of 5,520,768 shares, compared to its average volume of 7,228,783. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 6.61 and a beta of 1.25. The firm has a 50 day moving average of $18.21 and a two-hundred day moving average of $19.76. 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.
APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned $0.78 EPS. The firm's revenue was up 35.1% compared to the same quarter last year. Equities analysts predict 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio is presently 35.97%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on APA shares. Mizuho cut their price target on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. Scotiabank reduced their price target on APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Morgan Stanley upped their price objective on shares of APA from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, May 23rd. Argus raised shares of APA to a "hold" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company decreased their target price on shares of APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, APA presently has a consensus rating of "Hold" and a consensus target price of $24.83.
Read Our Latest Report on APA
APA Profile
(
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.
Further Reading
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
