Cambridge Investment Research Advisors Inc. Sells 4,148 Shares of APA Corporation (NASDAQ:APA)

Cambridge Investment Research Advisors Inc. cut its position in shares of APA Corporation (NASDAQ:APA) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,365 shares of the company’s stock after selling 4,148 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in APA were worth $848,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of APA by 6.9% during the 4th quarter. Invesco Ltd. now owns 13,230,751 shares of the company’s stock worth $305,498,000 after purchasing an additional 850,052 shares during the period. Geode Capital Management LLC boosted its stake in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock worth $219,016,000 after purchasing an additional 200,770 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock worth $142,823,000 after purchasing an additional 1,540,055 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $122,328,000 after buying an additional 1,195,212 shares during the period. Finally, Northern Trust Corp boosted its position in APA by 7.2% in the 4th quarter. Northern Trust Corp now owns 4,025,421 shares of the company’s stock valued at $92,947,000 after buying an additional 269,865 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Price Performance

Shares of APA opened at $19.49 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $7.05 billion, a PE ratio of 7.01, a PEG ratio of 6.18 and a beta of 1.25. The company has a 50 day moving average price of $17.97 and a 200-day moving average price of $19.76. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. APA’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. Equities analysts predict that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. APA’s dividend payout ratio (DPR) is presently 35.97%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APA. Morgan Stanley boosted their price objective on shares of APA from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lowered their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Barclays lowered their price objective on shares of APA from $25.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Susquehanna lowered their price objective on shares of APA from $31.00 to $30.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $23.00 price objective on shares of APA in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $24.72.

APA 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.