APA Corporation $APA Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in shares of APA Corporation (NASDAQ:APA) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,377,656 shares of the company’s stock after selling 70,594 shares during the quarter. Fisher Asset Management LLC owned 0.39% of APA worth $25,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APA. TD Private Client Wealth LLC increased its position 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 acquiring an additional 1,104 shares during the period. CVA Family Office LLC grew its stake in APA by 6,096.7% during the 2nd 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 in the last quarter. MAI Capital Management increased its holdings in APA by 76.5% during the 2nd 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. increased its holdings in 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 purchasing an additional 1,500 shares during the period. Finally, Hantz Financial Services Inc. raised its position in APA by 1,731.8% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Stock Up 0.7%

Shares of NASDAQ:APA opened at $25.45 on Wednesday. The firm has a 50 day simple moving average of $23.82 and a 200-day simple moving average of $21.36. APA Corporation has a twelve month low of $13.58 and a twelve month high of $25.83. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $9.03 billion, a PE ratio of 6.12, a P/E/G ratio of 6.77 and a beta of 0.75.

APA (NASDAQ:APA) last announced 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 analyst estimates of $2.06 billion. During the same period last year, the business earned $1.00 EPS. APA’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on APA from $19.00 to $21.00 and gave the stock a “sell” rating in a research report on Thursday, November 20th. UBS Group lifted their price target on shares of APA from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. William Blair assumed coverage on shares of APA in a report on Wednesday, November 26th. They set an “outperform” rating and a $32.00 price target for the company. Barclays raised their price objective on shares of APA from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of APA from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Five investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.90.

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.