MeadowBrook Investment Advisors LLC Has $89,000 Stock Holdings in APA Corporation (NASDAQ:APA)

MeadowBrook Investment Advisors LLC lessened its position in APA Corporation (NASDAQ:APA - Free Report) by 79.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after acquiring an additional 200,770 shares during the period. GAMMA Investing LLC boosted its stake in APA by 3,303.0% in the 1st quarter. GAMMA Investing LLC now owns 268,194 shares of the company's stock valued at $5,637,000 after purchasing an additional 260,313 shares during the period. Fifth Third Bancorp lifted its holdings in shares of APA by 14.5% during the first quarter. Fifth Third Bancorp now owns 26,137 shares of the company's stock worth $549,000 after buying an additional 3,306 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of APA by 263.2% during the fourth quarter. Jones Financial Companies Lllp now owns 11,499 shares of the company's stock worth $266,000 after buying an additional 8,333 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of APA by 11.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 207,210 shares of the company's stock worth $4,378,000 after buying an additional 21,630 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Barclays set a $21.00 target price on APA and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Mizuho dropped their target price on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a research report on Tuesday, May 13th. Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 price objective (up from $23.00) on shares of APA in a research note on Friday, May 30th. Finally, Susquehanna cut their price objective on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $24.83.

APA Stock Up 5.6%

Shares of NASDAQ:APA opened at $20.50 on Wednesday. The company has a market capitalization of $7.41 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 6.29 and a beta of 1.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average price of $18.11 and a two-hundred day moving average price of $19.75. 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 issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. Analysts forecast that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.88%. APA's payout ratio is 35.97%.

About APA

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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