26,583 Shares in APA Corporation (NASDAQ:APA) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in APA Corporation (NASDAQ:APA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,583 shares of the company's stock, valued at approximately $559,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of APA by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after acquiring an additional 200,770 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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. 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 purchasing an additional 21,630 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of APA by 34.2% during the first quarter. Envestnet Asset Management Inc. now owns 269,512 shares of the company's stock worth $5,665,000 after purchasing an additional 68,725 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APA. Mizuho decreased their price target on APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. UBS Group reaffirmed a "neutral" rating and set a $19.00 price target (up from $18.00) on shares of APA in a report on Monday, July 14th. Citigroup increased their price target on APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. JPMorgan Chase & Co. increased their price target on APA from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Finally, Susquehanna decreased their price target on APA from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $23.50.

APA Price Performance

Shares of NASDAQ:APA traded down $0.20 during midday trading on Friday, hitting $19.10. 4,358,857 shares of the stock were exchanged, compared to its average volume of 5,752,628. The stock has a market cap of $6.91 billion, a P/E ratio of 6.87, a PEG ratio of 6.30 and a beta of 1.25. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. APA Corporation has a twelve month low of $13.58 and a twelve month high of $33.41. The company has a 50 day moving average price of $18.75 and a 200-day moving average price of $19.46.

APA (NASDAQ:APA - Get Free Report) last released its quarterly 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. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.78 EPS. On average, research analysts forecast that APA Corporation will post 4.03 earnings per share for the current year.

APA Announces Dividend

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio is presently 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.