APA Corporation (NASDAQ:APA) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its position in APA Corporation (NASDAQ:APA - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,962 shares of the company's stock after purchasing an additional 33,041 shares during the quarter. Nisa Investment Advisors LLC's holdings in APA were worth $2,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in APA during the fourth quarter worth $1,442,000. Raymond James Financial Inc. purchased a new stake in APA during the fourth quarter worth $14,524,000. PNC Financial Services Group Inc. lifted its holdings in APA by 2.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 76,174 shares of the company's stock worth $1,759,000 after buying an additional 1,797 shares during the period. Daiwa Securities Group Inc. lifted its holdings in APA by 6.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 47,999 shares of the company's stock worth $1,108,000 after buying an additional 2,805 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in APA by 27.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,418 shares of the company's stock worth $471,000 after buying an additional 4,399 shares during the period. Institutional investors own 83.01% of the company's stock.

APA Price Performance

Shares of NASDAQ:APA traded up $0.39 during trading on Thursday, reaching $18.53. 1,264,243 shares of the company's stock traded hands, compared to its average volume of 7,238,680. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The firm has a market cap of $6.70 billion, a PE ratio of 6.66, a P/E/G ratio of 6.20 and a beta of 1.25. The company has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $19.67.

APA (NASDAQ:APA - Get Free Report) last posted its 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 period last year, the firm earned $0.78 EPS. The company's quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts predict that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 35.97%.

Analyst Ratings Changes

APA has been the subject of several analyst reports. Susquehanna decreased their price objective on APA from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Argus upgraded APA to a "hold" rating in a report on Friday, May 16th. Mizuho decreased their price objective on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on APA from $23.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. Finally, Royal Bank Of Canada set a $22.00 price objective on APA and gave the company a "sector perform" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, APA has an average rating of "Hold" and a consensus target price of $24.83.

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.