APA Corporation (NASDAQ:APA) Holdings Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in APA Corporation (NASDAQ:APA) by 11.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,210 shares of the company’s stock after purchasing an additional 21,630 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of APA worth $4,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APA. Brown Brothers Harriman & Co. increased its stake 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 buying an additional 1,077 shares during the period. Golden State Wealth Management LLC boosted its holdings 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 during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of APA during the 4th quarter worth $35,000. Rakuten Securities Inc. boosted its holdings in shares of APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after buying an additional 1,288 shares during the period. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of APA during the 4th quarter worth $42,000. 83.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APA. Morgan Stanley upped their price objective on shares of APA from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, May 23rd. Barclays decreased their price objective on shares of APA from $25.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Citigroup upped their price objective on shares of APA from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Royal Bank Of Canada reduced their price target on shares of APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $24.72.

APA Price Performance

NASDAQ:APA opened at $19.49 on Monday. The firm has a market cap of $7.05 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. The company’s 50-day moving average price is $17.97 and its two-hundred day moving average price is $19.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. APA Corporation has a 12 month low of $13.58 and a 12 month high of $33.41.

APA (NASDAQ:APA) 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 company 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%. APA’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, equities analysts anticipate that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders 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 yield of 5.13%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA’s dividend payout ratio is currently 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.