APA Corporation $APA Shares Acquired by Abel Hall LLC

Abel Hall LLC increased its stake in APA Corporation (NASDAQ:APA) by 204.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,957 shares of the company’s stock after purchasing an additional 20,805 shares during the quarter. Abel Hall LLC’s holdings in APA were worth $566,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of APA. Lynx Investment Advisory acquired a new stake in APA in the 1st quarter valued at about $415,000. Fifth Third Bancorp lifted its holdings in APA by 98.7% in the 2nd quarter. Fifth Third Bancorp now owns 51,924 shares of the company’s stock valued at $950,000 after acquiring an additional 25,787 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in APA by 1,576.6% in the 1st quarter. Bayforest Capital Ltd now owns 18,979 shares of the company’s stock valued at $399,000 after acquiring an additional 17,847 shares during the last quarter. GAMMA Investing LLC lifted its holdings in APA by 3,303.0% in the 1st quarter. GAMMA Investing LLC now owns 268,194 shares of the company’s stock valued at $5,637,000 after acquiring an additional 260,313 shares during the last quarter. Finally, Strs Ohio acquired a new stake in APA in the 1st quarter valued at about $14,735,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of APA in a report on Saturday, September 27th. Piper Sandler upped their price objective on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Cowen reaffirmed a “hold” rating on shares of APA in a research note on Thursday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of APA in a research note on Wednesday, September 10th. Finally, Barclays upped their price objective on shares of APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.24.

APA Price Performance

Shares of APA opened at $25.08 on Wednesday. The company has a market capitalization of $8.97 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 7.22 and a beta of 1.16. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $27.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $22.23 and its 200-day moving average is $19.47.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.42. APA had a return on equity of 20.98% and a net margin of 10.53%.The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis. Equities research analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.0%. APA’s dividend payout ratio 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.