SG Americas Securities LLC Takes $2.34 Million Position in APA Corporation (NASDAQ:APA)

SG Americas Securities LLC acquired a new stake in shares of APA Corporation (NASDAQ:APA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 111,186 shares of the company's stock, valued at approximately $2,337,000.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in shares of APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after buying an additional 1,077 shares in the last quarter. Riverview Trust Co grew its position in APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in APA during the fourth quarter worth approximately $35,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in APA during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 83.01% of the company's stock.

APA Stock Down 2.1%

NASDAQ:APA traded down $0.44 during trading hours on Wednesday, reaching $20.34. The company's stock had a trading volume of 4,225,093 shares, compared to its average volume of 7,099,300. The stock has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $20.03. 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 company has a market capitalization of $7.36 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 6.48 and a beta of 1.25. APA Corporation has a 12 month low of $13.58 and a 12 month high of $33.41.

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

APA Dividend Announcement

The company 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 annualized dividend and a dividend yield of 4.92%. APA's dividend payout ratio (DPR) is presently 35.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, May 23rd. Raymond James Financial reiterated an "outperform" rating and set a $25.00 price objective (up previously from $23.00) on shares of APA in a research report on Friday, May 30th. Royal Bank Of Canada dropped their price target on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Barclays reduced their price objective on shares of APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler decreased their price objective on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three investment 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.72.

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.