Creative Planning Acquires 71,451 Shares of APA Corporation $APA

Creative Planning increased its holdings in APA Corporation (NASDAQ:APA) by 101.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,758 shares of the company’s stock after buying an additional 71,451 shares during the period. Creative Planning’s holdings in APA were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of APA. TD Private Client Wealth LLC increased its holdings in APA by 144.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after buying an additional 1,104 shares during the period. CVA Family Office LLC boosted its holdings in shares of APA by 6,096.7% in the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after purchasing an additional 1,829 shares in the last quarter. Whittier Trust Co. lifted its position in shares of APA by 214.3% during the 2nd quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock worth $40,000 after buying an additional 1,500 shares during the last quarter. Hantz Financial Services Inc. grew its position in APA by 1,731.8% in the second quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock valued at $43,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of APA by 60.8% in the second quarter. Parkside Financial Bank & Trust now owns 2,645 shares of the company’s stock worth $48,000 after acquiring an additional 1,000 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APA has been the topic of a number of research reports. Cowen reaffirmed a “hold” rating on shares of APA in a research note on Thursday, August 7th. Wolfe Research raised their target price on APA from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Stephens upped their target price on APA from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Sanford C. Bernstein boosted their price target on shares of APA from $22.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Roth Capital lifted their target price on shares of APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.25.

APA Trading Up 1.9%

NASDAQ APA opened at $24.41 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $8.66 billion, a P/E ratio of 8.16, a PEG ratio of 6.28 and a beta of 1.12. The business has a fifty day simple moving average of $23.71 and a 200 day simple moving average of $21.06. APA Corporation has a 12 month low of $13.58 and a 12 month high of $25.83.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.74 by $0.19. APA had a net margin of 10.53% and a return on equity of 20.98%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, October 22nd. APA’s payout ratio is 24.04%.

APA Company 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.