Vontobel Holding Ltd. Has $2.52 Million Position in APA Corporation (NASDAQ:APA)

Vontobel Holding Ltd. lowered its position in APA Corporation (NASDAQ:APA - Free Report) by 30.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 120,082 shares of the company's stock after selling 53,506 shares during the period. Vontobel Holding Ltd.'s holdings in APA were worth $2,524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its holdings in shares of APA by 1,087.9% in the fourth 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 during the period. Golden State Wealth Management LLC grew its position in shares of APA by 2,709.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock worth $30,000 after buying an additional 1,382 shares in the last quarter. Rakuten Securities Inc. boosted its position in APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock valued at $32,000 after acquiring an additional 1,288 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of APA in the 4th quarter worth approximately $35,000. Finally, Siemens Fonds Invest GmbH purchased a new stake in shares of APA during the fourth quarter worth about $42,000. Institutional investors own 83.01% of the company's stock.

APA Stock Down 0.6%

NASDAQ:APA traded down $0.12 during trading hours on Monday, hitting $19.41. 6,743,655 shares of the stock traded hands, compared to its average volume of 7,198,661. 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 fifty-two week low of $13.58 and a fifty-two week high of $33.41. The firm has a 50 day moving average price of $17.97 and a 200 day moving average price of $19.76. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 6.18 and a beta of 1.25.

APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The company's revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts anticipate that APA Corporation will post 4.03 earnings per share for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.15%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio is currently 35.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Mizuho decreased their target price on 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 Financial restated an "outperform" rating and issued a $25.00 price objective (up previously from $23.00) on shares of APA in a report on Friday, May 30th. JPMorgan Chase & Co. lowered their target price on APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler reduced their price target on APA from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, APA presently has a consensus rating of "Hold" and an average price target 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.