MeadowBrook Investment Advisors LLC Sells 16,047 Shares of APA Corporation (NASDAQ:APA)

MeadowBrook Investment Advisors LLC lowered its position in shares of APA Corporation (NASDAQ:APA - Free Report) by 79.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

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

APA Stock Down 0.2%

APA traded down $0.05 on Thursday, hitting $20.40. 6,139,095 shares of the company were exchanged, compared to its average volume of 7,240,495. APA Corporation has a 12 month low of $13.58 and a 12 month high of $33.41. The company has a market cap of $7.38 billion, a PE ratio of 7.34, a PEG ratio of 6.60 and a beta of 1.25. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. The stock's fifty day moving average is $18.29 and its 200-day moving average is $19.75.

APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. APA's revenue was up 35.1% on a year-over-year basis. Equities research analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 4.90%. APA's dividend payout ratio is 35.97%.

Wall Street Analyst Weigh In

APA has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 target price on shares of APA in a research note on Wednesday, March 19th. Morgan Stanley boosted their target price on APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. Susquehanna cut their price target on 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 restated an "outperform" rating and issued a $25.00 price target (up from $23.00) on shares of APA in a report on Friday, May 30th. Finally, Wells Fargo & Company cut their price target on APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.