APA Corporation $APA Shares Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC grew its stake in shares of APA Corporation (NASDAQ:APA) by 32.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,433 shares of the company’s stock after acquiring an additional 32,285 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in APA were worth $2,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of APA by 2,709.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after acquiring an additional 1,382 shares during the period. TD Private Client Wealth LLC lifted its position 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 valued at $34,000 after acquiring an additional 1,104 shares during the period. CVA Family Office LLC lifted its position in shares of APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after acquiring an additional 1,829 shares during the period. Whittier Trust Co. lifted its position in shares of APA by 214.3% during the 2nd quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after acquiring an additional 1,500 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of APA by 1,731.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock valued at $43,000 after acquiring an additional 2,234 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Down 0.6%

Shares of APA opened at $22.40 on Friday. The stock has a fifty day moving average of $23.37 and a two-hundred day moving average of $20.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $8.01 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 6.28 and a beta of 1.16. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $25.83.

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

APA Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 4.5%. APA’s payout ratio is 33.44%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APA shares. Piper Sandler lifted their price target on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on APA from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. The Goldman Sachs Group upgraded APA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Wolfe Research lifted their price objective on APA from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Barclays lifted their price objective on APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.79.

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.