APA Co. (NASDAQ:APA) Position Increased by OLD National Bancorp IN

OLD National Bancorp IN raised its holdings in APA Co. (NASDAQ:APA - Free Report) by 19.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 302,531 shares of the company's stock after acquiring an additional 48,277 shares during the period. OLD National Bancorp IN owned 0.08% of APA worth $6,359,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Woodstock Corp increased its position in APA by 10.2% during the first quarter. Woodstock Corp now owns 267,035 shares of the company's stock worth $5,613,000 after purchasing an additional 24,692 shares during the last quarter. Czech National Bank increased its holdings in shares of APA by 5.9% during the 1st quarter. Czech National Bank now owns 84,971 shares of the company's stock worth $1,786,000 after buying an additional 4,759 shares during the last quarter. Rhumbline Advisers raised its position in shares of APA by 11.1% in the 1st quarter. Rhumbline Advisers now owns 694,238 shares of the company's stock worth $14,593,000 after buying an additional 69,519 shares during the period. Investors Research Corp boosted its holdings in APA by 30.0% in the first quarter. Investors Research Corp now owns 47,357 shares of the company's stock valued at $995,000 after acquiring an additional 10,921 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APA. JPMorgan Chase & Co. reduced their price objective on APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Mizuho reduced their price target on shares of APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research report on Tuesday, May 13th. Raymond James reissued an "outperform" rating and issued a $25.00 price objective (up previously from $23.00) on shares of APA in a research report on Friday, May 30th. Wells Fargo & Company reduced their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Susquehanna lowered 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. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, APA presently has an average rating of "Hold" and an average target price of $25.21.

APA Stock Up 1.7%

Shares of APA stock traded up $0.34 on Thursday, hitting $19.95. 8,320,018 shares of the company's stock traded hands, compared to its average volume of 7,047,917. APA Co. has a 52-week low of $13.58 and a 52-week high of $33.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market cap of $7.22 billion, a P/E ratio of 2.82 and a beta of 1.25. The firm's 50-day moving average is $16.64 and its 200 day moving average is $20.11.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.23. APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $0.78 EPS. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. Equities analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.

APA Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.01%. The ex-dividend date is Tuesday, July 22nd. APA's payout ratio is currently 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.