APA Corporation (APA) To Go Ex-Dividend on January 22nd

APA Corporation (NASDAQ:APA) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Thursday, January 22nd will be given a dividend of 0.25 per share on Monday, February 23rd. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, January 22nd.

APA has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect APA to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 27.5%.

APA Stock Down 0.9%

NASDAQ:APA opened at $25.78 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $9.14 billion, a P/E ratio of 6.20, a P/E/G ratio of 10.72 and a beta of 0.74. APA has a fifty-two week low of $13.58 and a fifty-two week high of $27.72. The firm has a 50-day simple moving average of $24.96 and a two-hundred day simple moving average of $22.96.

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

Institutional Investors Weigh In On APA

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in APA by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock worth $700,000 after buying an additional 2,070 shares during the last quarter. NewEdge Advisors LLC lifted its stake in APA by 49.6% during the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock valued at $227,000 after acquiring an additional 3,578 shares during the period. Goldman Sachs Group Inc. boosted its holdings in APA by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after purchasing an additional 806,252 shares during the last quarter. Focus Partners Wealth raised its stake in shares of APA by 10.6% during the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock valued at $942,000 after buying an additional 4,297 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in APA by 40.8% during the second quarter. Parallel Advisors LLC now owns 11,403 shares of the company’s stock valued at $209,000 after acquiring an additional 3,306 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

About APA

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.