DekaBank Deutsche Girozentrale Raises Stock Holdings in APA Corporation $APA

DekaBank Deutsche Girozentrale boosted its holdings in APA Corporation (NASDAQ:APA) by 39.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 23,426 shares of the company’s stock after acquiring an additional 6,604 shares during the period. DekaBank Deutsche Girozentrale’s holdings in APA were worth $435,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its position in 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 buying an additional 1,382 shares during the last quarter. TD Private Client Wealth LLC raised its position in APA by 144.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after buying an additional 1,104 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of APA during the 1st quarter valued at about $55,000. Toth Financial Advisory Corp purchased a new stake in shares of APA during the 2nd quarter valued at about $49,000. Finally, Allworth Financial LP increased its position in shares of APA by 122.5% during the 1st quarter. Allworth Financial LP now owns 3,084 shares of the company’s stock valued at $65,000 after purchasing an additional 1,698 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Friday, August 15th. Stephens reduced their price target on shares of APA from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday. The Goldman Sachs Group raised shares of APA from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Wolfe Research upped their price target on shares of APA from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Royal Bank Of Canada upped their price target on shares of APA from $23.00 to $24.00 and gave the company a “sector perform” rating in a research report on Monday, October 13th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, APA has an average rating of “Hold” and a consensus price target of $24.63.

APA Trading Down 3.2%

Shares of NASDAQ:APA opened at $23.83 on Monday. The stock has a 50 day moving average of $23.18 and a 200 day moving average of $19.88. The company has a market cap of $8.53 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 6.64 and a beta of 1.16. The company has a current ratio of 0.80, a quick 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 $25.83.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.42. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.03 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.The firm’s revenue was down 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. As a group, equities research analysts expect that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 22nd. APA’s dividend payout ratio is presently 33.44%.

APA Company 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.