Woodstock Corp Purchases 58,017 Shares of APA Corporation $APA

Key Points

• Woodstock Corp increased its stake in APA Corporation by 21.7%, acquiring an additional 58,017 shares in the second quarter, bringing its total ownership to 325,052 shares worth approximately $5.95 million.
• APA Corporation announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 4.4%, with the payment scheduled for November 21st.
• In its latest earnings report, APA Corporation exceeded expectations with $0.87 EPS, significantly higher than the consensus estimate of $0.45, despite a 14.4% decline in revenue year-over-year.

Woodstock Corp increased its position in APA Corporation (NASDAQ:APA - Free Report) by 21.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,052 shares of the company's stock after buying an additional 58,017 shares during the quarter. Woodstock Corp owned 0.09% of APA worth $5,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of APA. Dimensional Fund Advisors LP lifted its position in APA by 46.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company's stock worth $190,876,000 after buying an additional 2,894,543 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in APA by 29.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock worth $122,328,000 after purchasing an additional 1,195,212 shares during the period. Nuveen LLC purchased a new position in APA in the 1st quarter worth approximately $22,533,000. Charles Schwab Investment Management Inc. increased its stake in APA by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company's stock worth $292,871,000 after purchasing an additional 1,046,893 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in APA by 2.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company's stock worth $765,964,000 after purchasing an additional 1,029,961 shares during the period. Institutional investors own 83.01% of the company's stock.

APA Price Performance

Shares of APA stock opened at $22.91 on Tuesday. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 7.03 and a beta of 1.29. The business's fifty day moving average is $20.63 and its 200 day moving average is $18.92. APA Corporation has a twelve month low of $13.58 and a twelve month high of $27.48. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.45 by $0.42. APA had a return on equity of 20.98% and a net margin of 10.53%.The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The company's revenue for the quarter was down 14.4% compared to the same quarter last year. Research analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA's payout ratio is 33.44%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APA shares. Wells Fargo & Company lifted their price target on APA from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, August 15th. Raymond James Financial reaffirmed an "outperform" rating and issued a $28.00 price target (up from $26.00) on shares of APA in a research note on Wednesday, September 10th. Morgan Stanley lifted their price target on APA from $22.00 to $23.00 and gave the stock an "underweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada decreased their price target on APA from $24.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Monday, July 14th. Finally, Citigroup boosted their target price on APA from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, APA presently has an average rating of "Hold" and an average price target of $23.78.

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.

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