South Dakota Investment Council grew its position in APA Corporation (NASDAQ:APA - Free Report) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 851,275 shares of the company's stock after buying an additional 77,030 shares during the quarter. South Dakota Investment Council owned 0.24% of APA worth $17,894,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. ProShare Advisors LLC raised its stake in APA by 0.4% during the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock valued at $2,630,000 after acquiring an additional 449 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in APA by 1.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after acquiring an additional 517 shares during the last quarter. Albert D Mason Inc. raised its stake in APA by 5.7% during the 1st quarter. Albert D Mason Inc. now owns 12,261 shares of the company's stock valued at $258,000 after acquiring an additional 657 shares during the last quarter. Greenwood Capital Associates LLC increased its position in APA by 2.7% during the 1st quarter. Greenwood Capital Associates LLC now owns 28,107 shares of the company's stock worth $591,000 after purchasing an additional 730 shares during the period. Finally, Lipe & Dalton increased its position in APA by 3.5% during the 1st quarter. Lipe & Dalton now owns 23,290 shares of the company's stock worth $490,000 after purchasing an additional 780 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
APA has been the topic of a number of analyst reports. Citigroup increased their target price on APA from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Wells Fargo & Company cut their target price on APA from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Friday. Raymond James Financial reissued an "outperform" rating and issued a $25.00 price objective (up from $23.00) on shares of APA in a research report on Friday, May 30th. Piper Sandler reissued a "neutral" rating and issued a $21.00 price objective (up from $19.00) on shares of APA in a research report on Thursday. Finally, Susquehanna lowered their target price on APA from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, APA currently has an average rating of "Hold" and a consensus target price of $23.44.
View Our Latest Analysis on APA
APA Stock Down 0.1%
NASDAQ:APA traded down $0.02 during trading hours on Friday, reaching $18.82. The company's stock had a trading volume of 5,361,436 shares, compared to its average volume of 7,272,802. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 6.36 and a beta of 1.25. APA Corporation has a one year low of $13.58 and a one year high of $33.41. The business's 50-day moving average is $18.65 and its 200-day moving average is $19.59. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89.
APA (NASDAQ:APA - Get Free Report) last posted 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 9.75% and a return on equity of 23.22%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $0.78 earnings per share. The company'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 year.
APA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 35.97%.
About APA
(
Free Report)
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.
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