APA Corporation (NASDAQ:APA) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of APA Corporation (NASDAQ:APA - Free Report) by 30.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in APA by 2.2% during 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 last quarter. US Bancorp DE raised its holdings in shares of APA by 2.2% in the fourth quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after buying an additional 1,010 shares during the last quarter. GAMMA Investing LLC raised 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 worth $5,637,000 after buying an additional 260,313 shares during the last quarter. Fifth Third Bancorp raised 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 worth $549,000 after buying an additional 3,306 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of APA by 263.2% in the fourth quarter. Jones Financial Companies Lllp now owns 11,499 shares of the company's stock worth $266,000 after buying an additional 8,333 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.

Analyst Upgrades and Downgrades

APA has been the subject of a number of research analyst reports. Mizuho decreased their price target on shares of APA from $20.00 to $19.00 and set an "underperform" rating for the company in a report on Tuesday, May 13th. Argus raised shares of APA to a "hold" rating in a report on Friday, May 16th. Piper Sandler decreased their price target on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barclays set a $21.00 price target on shares of APA and gave the stock an "equal weight" rating in a report on Monday. Finally, Wells Fargo & Company cut their price objective on shares of APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, APA has an average rating of "Hold" and a consensus target price of $24.83.

APA Stock Performance

APA stock traded down $0.12 during midday trading on Monday, hitting $19.41. 6,745,157 shares of the stock traded hands, compared to its average volume of 7,198,679. The firm has a market cap of $7.02 billion, a P/E ratio of 6.98, a PEG ratio of 6.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The stock's fifty day simple moving average is $18.02 and its 200-day simple moving average is $19.75. APA Corporation has a 1-year low of $13.58 and a 1-year high of $33.41.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $0.78 earnings per share. The firm's revenue was up 35.1% on a year-over-year basis. On average, analysts expect that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.15%. APA's dividend payout ratio (DPR) is 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.