Hillsdale Investment Management Inc. Buys Shares of 44,050 APA Corporation $APA

Hillsdale Investment Management Inc. bought a new position in APA Corporation (NASDAQ:APA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 44,050 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APA. NewEdge Wealth LLC bought a new stake in APA in the 3rd quarter worth about $639,000. Syon Capital LLC bought a new position in APA during the 3rd quarter valued at about $255,000. NEOS Investment Management LLC boosted its holdings in shares of APA by 51.7% during the 3rd quarter. NEOS Investment Management LLC now owns 38,488 shares of the company’s stock valued at $934,000 after acquiring an additional 13,115 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of APA in the third quarter worth approximately $318,000. Finally, Rothschild Investment LLC raised its holdings in shares of APA by 140.2% during the third quarter. Rothschild Investment LLC now owns 9,733 shares of the company’s stock valued at $236,000 after purchasing an additional 5,681 shares during the last quarter. 83.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APA shares. JPMorgan Chase & Co. dropped their target price on shares of APA from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, January 22nd. Stephens increased their price target on APA from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. Citigroup lifted their price objective on APA from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Barclays set a $24.00 price objective on APA in a research report on Wednesday, January 21st. Finally, Susquehanna raised their target price on APA from $30.00 to $32.00 and gave the stock a “positive” rating in a research report on Wednesday, November 12th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.39.

APA Trading Down 1.2%

Shares of NASDAQ:APA opened at $28.72 on Tuesday. The stock has a 50 day moving average of $25.89 and a 200 day moving average of $24.34. The company has a market cap of $10.19 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 13.28 and a beta of 0.74. APA Corporation has a 12-month low of $13.58 and a 12-month high of $30.08. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be paid 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 24.04%.

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.