U.S. Capital Wealth Advisors LLC Has $276,000 Holdings in APA Co. (NASDAQ:APA)

U.S. Capital Wealth Advisors LLC boosted its position in shares of APA Co. (NASDAQ:APA) by 49.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,369 shares of the company’s stock after buying an additional 3,089 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in APA were worth $276,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APA. American National Bank grew its holdings in shares of APA by 208.5% during the 1st quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after purchasing an additional 490 shares during the last quarter. Rakuten Securities Inc. acquired a new position in shares of APA during the fourth quarter worth $34,000. Principal Securities Inc. bought a new position in shares of APA in the 4th quarter valued at $39,000. Covestor Ltd boosted its holdings in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in shares of APA during the 4th quarter valued at $44,000. 83.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APA shares. StockNews.com lowered shares of APA from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Citigroup decreased their price objective on APA from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, May 24th. Barclays cut their target price on APA from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company decreased their price target on APA from $53.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, May 22nd. Finally, Truist Financial lifted their price objective on APA from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and an average target price of $38.64.

APA Stock Performance

Shares of NASDAQ APA traded down $0.13 during midday trading on Friday, reaching $28.32. The company’s stock had a trading volume of 4,063,919 shares, compared to its average volume of 6,342,209. The stock has a market capitalization of $10.51 billion, a P/E ratio of 3.17 and a beta of 3.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.16. The firm has a 50 day moving average price of $29.48 and a 200-day moving average price of $30.87. APA Co. has a 12-month low of $26.81 and a 12-month high of $46.15.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. As a group, equities analysts predict that APA Co. will post 4.17 earnings per share for the current year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.53%. APA’s dividend payout ratio is presently 11.19%.

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.