denkapparat Operations GmbH Acquires 18,620 Shares of APA Corporation $APA

denkapparat Operations GmbH increased its holdings in shares of APA Corporation (NASDAQ:APA) by 127.1% in the third quarter, Holdings Channel.com reports. The firm owned 33,266 shares of the company’s stock after purchasing an additional 18,620 shares during the quarter. denkapparat Operations GmbH’s holdings in APA were worth $808,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators boosted its holdings in shares of APA by 276.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after buying an additional 891 shares during the period. CVA Family Office LLC boosted its stake in 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 purchasing an additional 1,829 shares during the period. Atlantic Union Bankshares Corp bought a new position in APA during the 3rd quarter worth about $34,000. Spire Wealth Management raised its stake in shares of APA by 179.6% in the 3rd quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares during the period. Finally, MAI Capital Management raised its stake in shares of APA by 76.5% in the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after purchasing an additional 925 shares during the period. Institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on APA shares. Evercore decreased their price objective on APA from $21.00 to $16.00 in a report on Tuesday, November 4th. Piper Sandler raised their price target on shares of APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Wolfe Research reiterated an “outperform” rating and issued a $35.00 price objective on shares of APA in a report on Wednesday, January 21st. TD Cowen upgraded shares of APA to a “hold” rating in a report on Monday, February 9th. Finally, Citigroup raised their target price on shares of APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus price target of $26.35.

APA Stock Up 3.7%

Shares of APA stock opened at $27.92 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50-day moving average is $25.59 and its 200-day moving average is $23.92. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 12.76 and a beta of 0.74. APA Corporation has a 52-week low of $13.58 and a 52-week high of $28.56.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 3.6%. APA’s dividend payout ratio is currently 24.04%.

APA Company 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.