APA Corporation (NASDAQ:APA) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC decreased its position in APA Corporation (NASDAQ:APA) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,622 shares of the company’s stock after selling 5,441 shares during the quarter. Mizuho Securities USA LLC’s holdings in APA were worth $623,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of APA by 2,709.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock worth $30,000 after purchasing an additional 1,382 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of APA by 499.2% in the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after purchasing an additional 1,288 shares during the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of APA in the 4th quarter worth approximately $42,000. LRI Investments LLC bought a new stake in shares of APA in the 4th quarter worth approximately $44,000. Finally, Allworth Financial LP lifted its holdings in shares of APA by 122.5% in the 1st quarter. Allworth Financial LP now owns 3,084 shares of the company’s stock worth $65,000 after purchasing an additional 1,698 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of analyst reports. Susquehanna reduced their price target on APA from $31.00 to $30.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Piper Sandler boosted their price target on APA from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Barclays boosted their price target on APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Stephens initiated coverage on APA in a research report on Tuesday, August 5th. They set an “equal weight” rating and a $24.00 price target for the company. Finally, UBS Group reiterated a “neutral” rating and set a $19.00 price target (up previously from $18.00) on shares of APA in a research report on Monday, July 14th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.50.

APA Stock Up 0.6%

Shares of APA stock opened at $20.56 on Thursday. The stock’s fifty day moving average is $19.31 and its 200-day moving average is $19.04. The firm has a market capitalization of $7.36 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 6.36 and a beta of 1.23. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. APA Corporation has a 12-month low of $13.58 and a 12-month high of $29.88.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.42. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.03 billion. APA had a return on equity of 20.98% and a net margin of 10.53%. APA’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. Equities analysts anticipate that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.9%. APA’s payout ratio is 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.