81,676 Shares in APA Corporation (NASDAQ:APA) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of APA Corporation (NASDAQ:APA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 81,676 shares of the company's stock, valued at approximately $1,717,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its holdings in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 1,077 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in APA by 2,709.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock valued at $30,000 after acquiring an additional 1,382 shares in the last quarter. Rakuten Securities Inc. raised its holdings in APA by 499.2% in 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. Siemens Fonds Invest GmbH acquired a new position in APA in the 4th quarter valued at $42,000. Finally, LRI Investments LLC acquired a new position in APA in the 4th quarter valued at $44,000. 83.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on APA. Piper Sandler reaffirmed a "neutral" rating and issued a $21.00 price objective (up from $19.00) on shares of APA in a report on Thursday, July 17th. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 price target (up previously from $25.00) on shares of APA in a research note on Tuesday. Wells Fargo & Company decreased their price target on APA from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Friday, July 18th. Barclays lifted their price target on APA from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Morgan Stanley lifted their price target on APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, APA presently has a consensus rating of "Hold" and a consensus price target of $23.50.

APA Trading Down 1.0%

Shares of NASDAQ APA traded down $0.20 during trading on Friday, reaching $19.10. The company had a trading volume of 4,358,857 shares, compared to its average volume of 8,070,686. The stock has a market cap of $6.91 billion, a P/E ratio of 6.87, a PEG ratio of 6.27 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The company's fifty day moving average price is $18.72 and its 200-day moving average price is $19.49. 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 announced its quarterly earnings data 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 company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. APA had a return on equity of 23.22% and a net margin of 9.75%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. As a group, research analysts expect that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio is 35.97%.

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.