APA Corporation $APA Position Lifted by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of APA Corporation (NASDAQ:APA) by 18.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 865,193 shares of the company’s stock after buying an additional 132,155 shares during the quarter. American Century Companies Inc. owned about 0.24% of APA worth $15,824,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its holdings in shares of 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 acquiring an additional 1,104 shares during the last quarter. CVA Family Office LLC lifted its stake in APA by 6,096.7% during the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after purchasing an additional 1,829 shares during the last quarter. MAI Capital Management boosted its holdings in APA by 76.5% in the second quarter. MAI Capital Management now owns 2,134 shares of the company’s stock worth $39,000 after purchasing an additional 925 shares during the period. Whittier Trust Co. boosted its holdings in APA by 214.3% in the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock worth $40,000 after purchasing an additional 1,500 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in APA by 1,731.8% during the second quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock valued at $43,000 after purchasing an additional 2,234 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APA shares. William Blair assumed coverage on shares of APA in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $32.00 price target on the stock. Susquehanna increased their price objective on shares of APA from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 12th. Wolfe Research lifted their target price on APA from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Cowen reaffirmed a “hold” rating on shares of APA in a report on Thursday, August 7th. Finally, UBS Group increased their price target on APA from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.90.

APA Trading Up 0.7%

Shares of APA stock opened at $25.45 on Wednesday. The business has a fifty day simple moving average of $23.82 and a 200-day simple moving average of $21.36. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $25.83. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 6.77 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.74 by $0.19. APA had a net margin of 15.49% and a return on equity of 19.86%. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the business earned $1.00 earnings per share. APA’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities analysts forecast that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.9%. APA’s dividend payout ratio is currently 24.04%.

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.