14,646 Shares in APA Corporation $APA Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in APA Corporation (NASDAQ:APA) during the second quarter, HoldingsChannel.com reports. The fund bought 14,646 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors have also recently bought and sold shares of APA. TD Private Client Wealth LLC grew its stake 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 worth $34,000 after acquiring an additional 1,104 shares in the last quarter. CVA Family Office LLC boosted its holdings in APA by 6,096.7% during the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after purchasing an additional 1,829 shares during the last quarter. Whittier Trust Co. grew its position in APA by 214.3% in the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after purchasing an additional 1,500 shares in the last quarter. Hantz Financial Services Inc. increased its stake in APA by 1,731.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock valued at $43,000 after buying an additional 2,234 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in APA by 60.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,645 shares of the company’s stock worth $48,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the subject of several analyst reports. Morgan Stanley decreased their price objective on APA from $23.00 to $22.00 and set an “underweight” rating for the company in a report on Tuesday, October 14th. Wells Fargo & Company raised their price target on APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. Royal Bank Of Canada upped their price objective on APA from $23.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Monday, October 13th. Wolfe Research raised their target price on shares of APA from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Evercore ISI dropped their price target on shares of APA from $21.00 to $16.00 in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.44.

APA Stock Down 2.8%

APA opened at $23.89 on Thursday. APA Corporation has a 1-year low of $13.58 and a 1-year high of $25.83. The stock’s fifty day simple moving average is $23.46 and its 200 day simple moving average is $20.56. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market cap of $8.47 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 6.28 and a beta of 1.12.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.74 by $0.19. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. As a group, research analysts expect that APA Corporation will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.2%. APA’s dividend payout ratio is 24.04%.

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.