Vanguard Personalized Indexing Management LLC Purchases 40,107 Shares of APA Corporation $APA

Vanguard Personalized Indexing Management LLC grew its position in APA Corporation (NASDAQ:APA) by 47.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,293 shares of the company’s stock after buying an additional 40,107 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in APA were worth $2,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake 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 worth $30,000 after acquiring an additional 1,382 shares in the last quarter. Rakuten Securities Inc. grew its holdings in APA by 499.2% in the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after purchasing an additional 1,288 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of APA by 144.9% during the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after purchasing an additional 1,104 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in shares of APA during the 2nd quarter valued at $49,000. Finally, SVB Wealth LLC purchased a new stake in shares of APA during the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on APA from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. UBS Group boosted their price target on APA from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group raised shares of APA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Roth Capital boosted their target price on shares of APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley cut their price target on shares of APA from $23.00 to $22.00 and set an “underweight” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.16.

APA Price Performance

Shares of NASDAQ APA opened at $23.24 on Thursday. APA Corporation has a 52 week low of $13.58 and a 52 week high of $25.83. The business’s 50 day moving average price is $22.77 and its 200 day moving average price is $19.57. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market cap of $8.31 billion, a P/E ratio of 7.77, a P/E/G ratio of 6.53 and a beta of 1.16.

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

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA’s dividend payout ratio (DPR) is currently 33.44%.

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.