Moors & Cabot Inc. Purchases 2,999 Shares of APA Corporation $APA

Moors & Cabot Inc. increased its position in shares of APA Corporation (NASDAQ:APA) by 10.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 32,632 shares of the company’s stock after purchasing an additional 2,999 shares during the quarter. Moors & Cabot Inc.’s holdings in APA were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APA. Hotchkis & Wiley Capital Management LLC grew its holdings in APA by 2.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock valued at $765,964,000 after buying an additional 1,029,961 shares in the last quarter. Harris Associates L P boosted its position in shares of APA by 1.9% in the first quarter. Harris Associates L P now owns 25,708,527 shares of the company’s stock valued at $540,393,000 after acquiring an additional 488,530 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of APA by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company’s stock valued at $292,871,000 after acquiring an additional 1,046,893 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of APA by 46.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock valued at $190,876,000 after acquiring an additional 2,894,543 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in APA by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after acquiring an additional 806,252 shares during the period. 83.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on APA. Stephens lifted their price objective on shares of APA from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday. Cowen reaffirmed a “hold” rating on shares of APA in a report on Thursday, August 7th. Barclays lifted their price target on shares of APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Mizuho increased their price target on APA from $18.00 to $20.00 and gave the stock an “underperform” rating in a research report on Thursday, October 16th. Finally, BMO Capital Markets raised their price objective on APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, October 13th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $24.11.

APA Stock Performance

Shares of APA stock opened at $23.83 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market cap of $8.53 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 6.28 and a beta of 1.12. The company has a 50 day moving average of $23.39 and a 200-day moving average of $20.36. APA Corporation has a 1-year low of $13.58 and a 1-year high of $25.83.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.74 by $0.19. APA had a net margin of 10.53% and a return on equity of 20.98%. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The company’s revenue was down 16.4% on a year-over-year basis. As a group, equities research analysts forecast that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors 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 dividend yield of 4.2%. The ex-dividend date is Wednesday, October 22nd. APA’s dividend payout ratio is currently 33.44%.

APA 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.