Semanteon Capital Management LP Purchases Shares of 23,538 APA Corporation $APA

Semanteon Capital Management LP purchased a new position in APA Corporation (NASDAQ:APA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,538 shares of the company’s stock, valued at approximately $572,000. APA makes up 0.7% of Semanteon Capital Management LP’s holdings, making the stock its 10th biggest position.

Several other institutional investors have also recently made changes to their positions in APA. Deseret Mutual Benefit Administrators grew its stake in shares of APA by 276.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after acquiring an additional 891 shares during the period. Atlantic Union Bankshares Corp purchased a new position in APA during the third quarter valued at approximately $34,000. Spire Wealth Management lifted its holdings in APA by 179.6% during the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares in the last quarter. CVA Family Office LLC boosted its position in shares of APA by 6,096.7% in the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after purchasing an additional 1,829 shares during the period. Finally, LRI Investments LLC increased its stake in shares of APA by 4,697.7% in the third quarter. LRI Investments LLC now owns 2,063 shares of the company’s stock worth $50,000 after purchasing an additional 2,020 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of APA from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Friday, January 23rd. Evercore decreased their price target on APA from $21.00 to $16.00 in a report on Tuesday, November 4th. The Goldman Sachs Group upped their price objective on APA from $21.00 to $23.00 and gave the stock a “sell” rating in a research note on Thursday, January 22nd. Zacks Research cut APA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, Citigroup lifted their target price on APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.39.

APA Stock Down 0.1%

APA opened at $29.06 on Friday. The company has a market capitalization of $10.31 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 13.28 and a beta of 0.74. The firm has a 50-day simple moving average of $25.82 and a two-hundred day simple moving average of $24.23. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. APA Corporation has a 52 week low of $13.58 and a 52 week high of $30.08.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. APA’s dividend payout ratio is presently 24.04%.

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.