Vanguard Personalized Indexing Management LLC Grows Position in APA Corporation $APA

Vanguard Personalized Indexing Management LLC lifted its position in shares of APA Corporation (NASDAQ:APA) by 47.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,293 shares of the company’s stock after purchasing an additional 40,107 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in APA were worth $2,292,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in APA. Golden State Wealth Management LLC grew its position in APA by 2,709.8% during the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after buying an additional 1,382 shares during the period. Rakuten Securities Inc. boosted its stake in shares of APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after acquiring an additional 1,288 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of APA by 144.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after acquiring an additional 1,104 shares during the period. Toth Financial Advisory Corp purchased a new position in shares of APA in the 2nd quarter valued at about $49,000. Finally, SVB Wealth LLC acquired a new position in APA in the 1st quarter worth about $55,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APA has been the topic of several research analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price objective (up from $26.00) on shares of APA in a report on Wednesday, September 10th. Scotiabank increased their target price on APA from $22.00 to $26.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Piper Sandler lifted their price target on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Wells Fargo & Company upped their price objective on shares of APA from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, August 15th. Finally, BMO Capital Markets increased their price objective on shares of APA from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.16.

APA Trading Up 1.4%

Shares of APA opened at $23.24 on Thursday. APA Corporation has a 52-week low of $13.58 and a 52-week high of $25.83. The stock has a market cap of $8.31 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 6.53 and a beta of 1.16. The firm’s fifty day moving average is $22.77 and its two-hundred day moving average is $19.57. 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 (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm posted $1.17 earnings per share. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. Research analysts forecast that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.3%. APA’s dividend 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.