Element Capital Management LLC purchased a new position in shares of APA Corporation (NASDAQ:APA – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,186 shares of the company’s stock, valued at approximately $1,007,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Camelot Portfolios LLC acquired a new stake in shares of APA during the 4th quarter valued at about $37,000. Community Bank N.A. bought a new position in APA during the third quarter worth about $43,000. Cary Street Partners Investment Advisory LLC acquired a new stake in APA during the fourth quarter valued at approximately $47,000. Virtus Advisers LLC acquired a new stake in APA during the third quarter valued at approximately $57,000. Finally, Elyxium Wealth LLC bought a new stake in shares of APA in the 4th quarter valued at approximately $64,000. Institutional investors own 83.01% of the company’s stock.
Insider Transactions at APA
In related news, VP Mark D. Maddox sold 9,800 shares of APA stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the sale, the vice president directly owned 66,810 shares in the company, valued at $2,675,072.40. This trade represents a 12.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Research Report on APA
APA Stock Performance
Shares of NASDAQ:APA opened at $33.93 on Thursday. The business has a fifty day moving average of $37.84 and a 200-day moving average of $32.30. The firm has a market cap of $11.99 billion, a PE ratio of 7.91 and a beta of 0.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. APA Corporation has a twelve month low of $17.74 and a twelve month high of $45.66.
APA (NASDAQ:APA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a net margin of 17.38% and a return on equity of 20.70%. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. The company’s revenue was down 11.7% on a year-over-year basis. On average, equities research analysts predict that APA Corporation will post 5.59 EPS for the current fiscal year.
APA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, July 22nd. APA’s dividend payout ratio is 23.31%.
APA Company Profile
APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.
In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.
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