APA Corporation (NASDAQ:APA) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in APA Corporation (NASDAQ:APA) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,298 shares of the company’s stock after buying an additional 1,628 shares during the period. Yousif Capital Management LLC’s holdings in APA were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APA. Brown Brothers Harriman & Co. grew its holdings in shares of APA by 1,087.9% during 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 last quarter. Riverview Trust Co grew its holdings in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of APA during the fourth quarter worth about $35,000. Siemens Fonds Invest GmbH purchased a new position in shares of APA during the fourth quarter worth about $42,000. Finally, LRI Investments LLC purchased a new position in shares of APA during the fourth quarter worth about $44,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Price Performance

APA stock opened at $20.31 on Thursday. The firm has a 50 day moving average of $17.16 and a 200-day moving average of $20.04. APA Corporation has a 12-month low of $13.58 and a 12-month high of $33.41. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.81. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 6.57 and a beta of 1.25.

APA (NASDAQ:APA) last posted its quarterly 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. 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 the consensus estimate of $2.17 billion. During the same period last year, the firm earned $0.78 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.92%. APA’s payout ratio is 35.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on APA shares. Royal Bank Of Canada lowered their price target on APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Mizuho lowered their price target on APA from $20.00 to $19.00 and set an “underperform” rating on the stock in a report on Tuesday, May 13th. Morgan Stanley raised their price target on APA from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, May 23rd. Susquehanna lowered their price target on APA from $31.00 to $30.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays lowered their price target on APA from $25.00 to $19.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.72.

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.