APA Corporation $APA Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its position in APA Corporation (NASDAQ:APA) by 69.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,276 shares of the company’s stock after purchasing an additional 1,750 shares during the period. Farther Finance Advisors LLC’s holdings in APA were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APA. Hotchkis & Wiley Capital Management LLC lifted its position in APA by 2.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock worth $765,964,000 after buying an additional 1,029,961 shares during the period. Harris Associates L P grew its position in shares of APA by 1.9% in the 1st quarter. Harris Associates L P now owns 25,708,527 shares of the company’s stock worth $540,393,000 after acquiring an additional 488,530 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in APA by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company’s stock valued at $292,871,000 after purchasing an additional 1,046,893 shares during the period. Dimensional Fund Advisors LP boosted its position in APA by 46.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock valued at $190,876,000 after purchasing an additional 2,894,543 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in APA by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after acquiring an additional 806,252 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Price Performance

Shares of NASDAQ APA opened at $24.54 on Friday. The business’s 50 day moving average price is $22.01 and its two-hundred day moving average price is $19.40. The company has a market cap of $8.78 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 6.99 and a beta of 1.16. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. APA Corporation has a twelve month low of $13.58 and a twelve month high of $27.48.

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

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, October 22nd. APA’s payout ratio is 33.44%.

Analyst Ratings Changes

Several research firms recently weighed in on APA. Wells Fargo & Company upped their price target on APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. Piper Sandler increased their target price on APA from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Barclays increased their price objective on APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Cfra Research upgraded APA to a “hold” rating in a research report on Friday, August 8th. Finally, Morgan Stanley lifted their target price on APA from $22.00 to $23.00 and gave the stock an “underweight” rating in a report on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, APA presently has an average rating of “Hold” and an average price target of $23.24.

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.