APA Corporation (APA) to Issue Quarterly Dividend of $0.25 on November 21st

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Stockholders of record on Wednesday, October 22nd will be given a dividend of 0.25 per share on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Wednesday, October 22nd.

APA has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect APA to earn $3.63 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 27.5%.

APA Price Performance

APA stock opened at $22.52 on Monday. The firm has a market capitalization of $8.06 billion, a P/E ratio of 7.53, a PEG ratio of 6.39 and a beta of 1.16. APA has a 1 year low of $13.58 and a 1 year high of $25.83. The business has a 50-day moving average of $22.89 and a 200-day moving average of $19.59. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last posted its 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 return on equity of 20.98% and a net margin of 10.53%.The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 EPS. On average, equities analysts anticipate that APA will post 4.03 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC increased its holdings 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 during the last quarter. CVA Family Office LLC increased its holdings in shares of APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after acquiring an additional 1,829 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of APA by 144.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after acquiring an additional 1,104 shares during the last quarter. MAI Capital Management increased its holdings in shares of APA by 76.5% during the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock worth $39,000 after acquiring an additional 925 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of APA by 214.3% during the 2nd quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock worth $40,000 after acquiring an additional 1,500 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Company 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.