APA Corporation $APA Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its position in shares of APA Corporation (NASDAQ:APA) by 87.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,585 shares of the company’s stock after purchasing an additional 5,857 shares during the quarter. Signaturefd LLC’s holdings in APA were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its holdings in shares of APA by 2,709.8% during the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock worth $30,000 after purchasing an additional 1,382 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of APA by 499.2% during the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after purchasing an additional 1,288 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of APA by 144.9% during the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after purchasing an additional 1,104 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of APA during the second quarter worth about $49,000. Finally, SVB Wealth LLC acquired a new position in APA in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Down 4.7%

APA stock opened at $23.88 on Friday. The stock has a market capitalization of $8.54 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 7.14 and a beta of 1.16. APA Corporation has a 12 month low of $13.58 and a 12 month high of $27.48. The business has a 50 day simple moving average of $21.90 and a 200-day simple moving average of $19.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.42. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.03 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.The business’s revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 earnings per share. On average, analysts anticipate that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, October 22nd. APA’s payout ratio is presently 33.44%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on APA from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 11th. Barclays boosted their price target on APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Stephens assumed coverage on APA in a report on Tuesday, August 5th. They issued an “equal weight” rating and a $24.00 price target for the company. Royal Bank Of Canada decreased their price target on APA from $24.00 to $22.00 and set a “sector perform” rating for the company in a report on Monday, July 14th. Finally, The Goldman Sachs Group boosted their price target on APA from $17.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.24.

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.