1834 Investment Advisors Co. Grows Stock Position in APA Corporation $APA

1834 Investment Advisors Co. boosted its holdings in APA Corporation (NASDAQ:APA) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,341 shares of the company’s stock after buying an additional 1,056 shares during the period. 1834 Investment Advisors Co. owned 0.08% of APA worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC grew its holdings in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after purchasing an additional 1,382 shares during the period. Rakuten Securities Inc. grew its stake in shares of APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock valued at $32,000 after buying an additional 1,288 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of APA by 144.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after buying an additional 1,104 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of APA during the 4th quarter worth $42,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of APA in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

APA has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. Cowen reiterated a “hold” rating on shares of APA in a report on Thursday, August 7th. Scotiabank reissued a “sector perform” rating and set a $22.00 target price (up previously from $14.00) on shares of APA in a research report on Friday, July 11th. Royal Bank Of Canada reduced their price target on shares of APA from $24.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Monday, July 14th. Finally, Cfra Research upgraded shares of APA to a “hold” rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.78.

APA Stock Up 1.4%

NASDAQ APA opened at $24.69 on Friday. The stock has a market cap of $8.83 billion, a PE ratio of 8.26, a P/E/G ratio of 6.94 and a beta of 1.29. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $27.48. The business has a 50 day moving average price of $21.46 and a two-hundred day moving average price of $19.25. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.42. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.03 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, sell-side analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.1%. APA’s payout ratio is currently 33.44%.

About APA

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.