APA Corporation (NASDAQ:APA) Position Lessened by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC reduced its position in APA Corporation (NASDAQ:APA - Free Report) by 79.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,245 shares of the company's stock after selling 16,047 shares during the quarter. MeadowBrook Investment Advisors LLC's holdings in APA were worth $89,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Gibraltar Capital Management Inc. boosted its stake in shares of APA by 11.5% in the 1st quarter. Gibraltar Capital Management Inc. now owns 239,033 shares of the company's stock valued at $5,024,000 after buying an additional 24,583 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of APA by 34.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 269,512 shares of the company's stock valued at $5,665,000 after buying an additional 68,725 shares during the period. Penserra Capital Management LLC boosted its stake in shares of APA by 2,638.8% in the 1st quarter. Penserra Capital Management LLC now owns 25,635 shares of the company's stock valued at $538,000 after buying an additional 24,699 shares during the period. Pacific Heights Asset Management LLC boosted its stake in shares of APA by 20.0% in the 1st quarter. Pacific Heights Asset Management LLC now owns 300,000 shares of the company's stock valued at $6,306,000 after buying an additional 50,000 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in APA by 22.1% during the first quarter. D.A. Davidson & CO. now owns 25,785 shares of the company's stock worth $542,000 after purchasing an additional 4,672 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada decreased their target price on APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Raymond James Financial reissued an "outperform" rating and issued a $25.00 target price (up previously from $23.00) on shares of APA in a report on Friday, May 30th. Argus raised APA to a "hold" rating in a report on Friday, May 16th. Barclays set a $21.00 target price on APA and gave the stock an "equal weight" rating in a research report on Monday. Finally, Piper Sandler decreased their price objective on APA from $22.00 to $19.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.83.

APA Stock Down 0.2%

NASDAQ APA traded down $0.05 during mid-day trading on Wednesday, reaching $20.45. 5,520,768 shares of the company's stock traded hands, compared to its average volume of 7,213,147. APA Corporation has a 1-year low of $13.58 and a 1-year high of $33.41. The company has a fifty day simple moving average of $18.11 and a 200-day simple moving average of $19.75. 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 $7.40 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 6.29 and a beta of 1.25.

APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The company 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. As a group, equities research analysts expect that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is 35.97%.

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.