21,802 Shares in APA Corporation $APA Acquired by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new position in shares of APA Corporation (NASDAQ:APA) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 21,802 shares of the company’s stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Capital Management of KS Inc. acquired a new position in APA during the 3rd quarter worth approximately $1,214,000. Allspring Global Investments Holdings LLC lifted its position in APA by 57.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 306,195 shares of the company’s stock worth $7,765,000 after acquiring an additional 111,777 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in APA by 71.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 185,818 shares of the company’s stock worth $4,437,000 after acquiring an additional 77,125 shares in the last quarter. Gotham Asset Management LLC lifted its position in APA by 49.5% during the 3rd quarter. Gotham Asset Management LLC now owns 1,578,720 shares of the company’s stock worth $38,331,000 after acquiring an additional 522,673 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in APA by 604.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 208,287 shares of the company’s stock worth $5,057,000 after acquiring an additional 178,717 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the sale, the director directly owned 6,634 shares in the company, valued at approximately $240,349.82. The trade was a 77.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark D. Maddox sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the sale, the vice president owned 66,810 shares of the company’s stock, valued at $2,675,072.40. This trade represents a 12.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APA. Citigroup lifted their price objective on APA from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Royal Bank Of Canada lifted their price objective on APA from $29.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Piper Sandler lifted their price objective on APA from $30.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings upgraded APA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.04.

APA Price Performance

Shares of NASDAQ APA opened at $34.77 on Tuesday. APA Corporation has a twelve month low of $17.74 and a twelve month high of $45.66. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 8.10 and a beta of 0.34. The business has a 50 day simple moving average of $38.17 and a 200-day simple moving average of $32.17.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $1.06 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. As a group, equities research analysts expect that APA Corporation will post 5.59 earnings per share for the current year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, July 22nd. APA’s payout ratio is 23.31%.

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.