D.A. Davidson & CO. Purchases Shares of 75,306 APA Corporation $APA

D.A. Davidson & CO. acquired a new position in APA Corporation (NASDAQ:APA) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 75,306 shares of the company’s stock, valued at approximately $1,828,000.

Several other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in APA by 19.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,349 shares of the company’s stock worth $61,000 after acquiring an additional 550 shares during the period. Wealthfront Advisers LLC boosted its position in shares of APA by 0.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 104,858 shares of the company’s stock valued at $1,918,000 after purchasing an additional 612 shares in the last quarter. Cullen Investment Group LTD. grew its stake in shares of APA by 5.9% in the 2nd quarter. Cullen Investment Group LTD. now owns 11,497 shares of the company’s stock worth $210,000 after purchasing an additional 637 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its holdings in shares of APA by 1.5% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 44,194 shares of the company’s stock worth $808,000 after purchasing an additional 638 shares in the last quarter. Finally, Marco Investment Management LLC raised its holdings in shares of APA by 1.2% in the 2nd quarter. Marco Investment Management LLC now owns 55,573 shares of the company’s stock worth $1,016,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $25.20 on Friday. APA Corporation has a 12 month low of $13.58 and a 12 month high of $27.72. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The stock has a market cap of $8.94 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 10.23 and a beta of 0.74. The business has a fifty day simple moving average of $24.62 and a 200-day simple moving average of $22.60.

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

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Thursday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, January 22nd. APA’s dividend payout ratio (DPR) is currently 24.04%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APA. William Blair started 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. Raymond James Financial reissued an “outperform” rating and set a $31.00 price objective on shares of APA in a research note on Monday, November 24th. UBS Group boosted their target price on APA from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Citigroup upped their target price on APA from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Finally, Morgan Stanley lifted their price target on APA from $22.00 to $23.00 and gave the stock an “underweight” rating in a research note on Thursday, November 20th. Six investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.64.

APA Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.