APA Corporation $APA Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in APA Corporation (NASDAQ:APA) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,865 shares of the company’s stock after selling 640 shares during the quarter. Securian Asset Management Inc.’s holdings in APA were worth $345,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APA. Golden State Wealth Management LLC grew its position in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after acquiring an additional 1,382 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in APA by 144.9% during the 2nd 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 last quarter. Toth Financial Advisory Corp purchased a new stake in APA during the 2nd quarter worth approximately $49,000. SVB Wealth LLC acquired a new position in shares of APA in the 1st quarter valued at approximately $55,000. Finally, Allworth Financial LP boosted its stake in shares of APA by 122.5% during the 1st quarter. Allworth Financial LP now owns 3,084 shares of the company’s stock valued at $65,000 after buying an additional 1,698 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on APA shares. Mizuho lifted their price target on shares of APA from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Piper Sandler upped their target price on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. The Goldman Sachs Group raised shares of APA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Barclays boosted their price objective on APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. Finally, Cowen reaffirmed a “hold” rating on shares of APA in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $24.63.

APA Trading Down 3.2%

NASDAQ:APA opened at $23.83 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $23.18 and its two-hundred day moving average is $19.86. APA Corporation has a 52 week low of $13.58 and a 52 week high of $25.83. The company has a market cap of $8.53 billion, a PE ratio of 7.97, a P/E/G ratio of 6.64 and a beta of 1.16.

APA (NASDAQ:APA) last released its earnings results on Wednesday, August 6th. The company reported $0.87 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $1.17 EPS. APA’s quarterly revenue was down 14.4% compared to the same quarter last year. On average, analysts predict that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.2%. APA’s dividend payout ratio (DPR) is 33.44%.

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.