Monetta Financial Services Inc. Acquires Shares of 42,000 APA Corporation $APA

Monetta Financial Services Inc. bought a new stake in shares of APA Corporation (NASDAQ:APA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,000 shares of the company’s stock, valued at approximately $1,020,000.

Several other institutional investors have also bought and sold shares of the company. Howard Capital Management Inc. raised its stake in shares of APA by 0.5% in the third quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock valued at $2,303,000 after buying an additional 485 shares during the period. one8zero8 LLC raised its stake in APA by 1.2% in the 3rd quarter. one8zero8 LLC now owns 42,254 shares of the company’s stock valued at $1,026,000 after acquiring an additional 488 shares during the period. Arizona State Retirement System raised its stake in APA by 0.5% in the 3rd quarter. Arizona State Retirement System now owns 106,734 shares of the company’s stock valued at $2,592,000 after acquiring an additional 517 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in APA by 19.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,349 shares of the company’s stock valued at $61,000 after purchasing an additional 550 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in APA by 0.6% during the second quarter. Wealthfront Advisers LLC now owns 104,858 shares of the company’s stock worth $1,918,000 after purchasing an additional 612 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ APA opened at $28.72 on Tuesday. The stock’s 50-day simple moving average is $25.89 and its two-hundred day simple moving average is $24.34. APA Corporation has a twelve month low of $13.58 and a twelve month high of $30.08. The firm has a market capitalization of $10.19 billion, a P/E ratio of 6.90, a P/E/G ratio of 13.28 and a beta of 0.74. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. APA’s dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

APA has been the topic of a number of recent research reports. Raymond James Financial restated an “outperform” rating and set a $31.00 price target on shares of APA in a research note on Monday, November 24th. Sanford C. Bernstein dropped their target price on APA from $26.00 to $25.00 and set a “market perform” rating on the stock in a research report on Monday, January 5th. Capital One Financial reduced their price target on APA from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Jefferies Financial Group boosted their price objective on APA from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Finally, Wolfe Research reissued an “outperform” rating and set a $35.00 price objective on shares of APA in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.39.

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.