Sheaff Brock Investment Advisors LLC Makes New $215,000 Investment in APA Co. (NASDAQ:APA)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of APA Co. (NASDAQ:APAGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,200 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Main Street Financial Solutions LLC bought a new position in shares of APA during the 1st quarter worth about $223,000. Strs Ohio increased its holdings in shares of APA by 13.4% during the 1st quarter. Strs Ohio now owns 1,186,000 shares of the company’s stock worth $49,017,000 after purchasing an additional 140,000 shares during the period. Savant Capital LLC bought a new position in shares of APA during the 1st quarter worth about $247,000. Pinnacle Private Wealth LLC bought a new position in shares of APA during the 4th quarter worth about $258,000. Finally, Guggenheim Capital LLC increased its holdings in shares of APA by 2.4% during the 4th quarter. Guggenheim Capital LLC now owns 98,091 shares of the company’s stock worth $2,638,000 after purchasing an additional 2,289 shares during the period. Institutional investors own 84.08% of the company’s stock.

Insider Transactions at APA

In related news, insider P Anthony Lannie sold 86,750 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $41.26, for a total value of $3,579,305.00. Following the transaction, the insider now directly owns 58,844 shares in the company, valued at $2,427,903.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is owned by company insiders.

Analyst Ratings Changes

APA has been the topic of several research reports. Truist Financial boosted their price objective on shares of APA from $55.00 to $65.00 in a report on Thursday, April 21st. The Goldman Sachs Group lowered their target price on shares of APA from $52.00 to $41.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 5th. Susquehanna Bancshares lowered their target price on shares of APA from $52.00 to $49.00 and set a “positive” rating on the stock in a research note on Friday. Barclays lowered their target price on shares of APA from $62.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Finally, MKM Partners reissued a “buy” rating and issued a $45.00 target price on shares of APA in a research note on Wednesday, July 20th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.25.

APA Price Performance

Shares of APA stock opened at $31.75 on Friday. APA Co. has a 1 year low of $15.55 and a 1 year high of $51.95. The firm’s 50 day moving average is $38.48 and its 200-day moving average is $38.50. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 3.57, a PEG ratio of 0.17 and a beta of 3.90. The company has a current ratio of 1.10, a quick ratio of 1.23 and a debt-to-equity ratio of 3.43.

APA (NASDAQ:APAGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $2.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.37). APA had a return on equity of 622.55% and a net margin of 32.57%. During the same quarter last year, the business earned $0.70 EPS. Sell-side analysts forecast that APA Co. will post 9.43 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, July 22nd will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, July 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. APA’s payout ratio is 5.62%.

About APA

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APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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