23,000 Shares in APA Corporation $APA Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of APA Corporation (NASDAQ:APA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,000 shares of the company’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its holdings in shares of APA by 6,096.7% in the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after buying an additional 1,829 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of APA by 144.9% in 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. Whittier Trust Co. increased its holdings in shares of APA by 214.3% in the 2nd quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock worth $40,000 after buying an additional 1,500 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of APA by 1,731.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock worth $43,000 after buying an additional 2,234 shares during the last quarter. Finally, SVB Wealth LLC bought a new position in shares of APA in the 1st quarter worth $55,000. Institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their price objective on shares of APA from $22.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. BMO Capital Markets upped their price objective on shares of APA from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. Piper Sandler upped their price objective on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Royal Bank Of Canada upped their price objective on shares of APA from $23.00 to $24.00 and gave the company a “sector perform” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company upped their price objective on shares of APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and an average price target of $24.79.

APA Trading Up 1.1%

NASDAQ:APA opened at $22.65 on Monday. The company has a 50-day moving average price of $23.39 and a 200-day moving average price of $20.18. APA Corporation has a 12 month low of $13.58 and a 12 month high of $25.83. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 6.28 and a beta of 1.16.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.42. The company had revenue of $2.18 billion during 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%. APA’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period last year, the business earned $1.17 EPS. Equities analysts predict that APA Corporation will post 4.03 EPS for the current 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, October 22nd. APA’s dividend payout ratio (DPR) is currently 33.44%.

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.