42,251 Shares in APA Corporation (NASDAQ:APA) Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC acquired a new position in APA Corporation (NASDAQ:APA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,251 shares of the company's stock, valued at approximately $888,000.

Several other institutional investors have also added to or reduced their stakes in APA. Brown Brothers Harriman & Co. lifted its stake in shares of APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 1,077 shares during the period. Riverview Trust Co increased its holdings in APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Golden State Wealth Management LLC lifted its stake 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 valued at $30,000 after buying an additional 1,382 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of APA by 499.2% during the 1st 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. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of APA during the 4th quarter worth approximately $35,000. 83.01% of the stock is currently owned by institutional investors.

APA Stock Performance

Shares of APA stock traded up $0.63 during trading on Tuesday, hitting $18.92. The company's stock had a trading volume of 5,259,679 shares, compared to its average volume of 7,184,952. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. The company has a market cap of $6.84 billion, a PE ratio of 6.81, a P/E/G ratio of 5.87 and a beta of 1.25. The business has a fifty day moving average of $17.70 and a 200-day moving average of $19.81. APA Corporation has a 52 week low of $13.58 and a 52 week high of $33.41.

APA (NASDAQ:APA - Get Free Report) last announced 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. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 23.22% and a net margin of 9.75%. The business's revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. As a group, research analysts anticipate that APA Corporation will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently announced 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 5.28%. The ex-dividend date is Tuesday, July 22nd. APA's payout ratio is 35.97%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Piper Sandler cut their target price on shares of APA from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Raymond James Financial restated an "outperform" rating and issued a $25.00 target price (up from $23.00) on shares of APA in a research note on Friday, May 30th. Mizuho dropped their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley increased their price target on APA from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Finally, Scotiabank decreased their price objective on APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.72.

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.