13,120 Shares in APA Co. (NASDAQ:APA) Acquired by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in shares of APA Co. (NASDAQ:APA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,120 shares of the company’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also bought and sold shares of APA. Quent Capital LLC grew its position in shares of APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after buying an additional 375 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of APA in the 4th quarter worth approximately $34,000. Principal Securities Inc. bought a new stake in shares of APA in the 4th quarter worth approximately $39,000. Altshuler Shaham Ltd bought a new stake in shares of APA in the 4th quarter worth approximately $44,000. Finally, Tobam bought a new stake in shares of APA in the 4th quarter worth approximately $52,000. 83.01% of the stock is currently owned by institutional investors.

APA Stock Up 0.2 %

APA stock opened at $28.00 on Thursday. APA Co. has a 1-year low of $27.36 and a 1-year high of $46.15. The business has a fifty day moving average price of $30.60 and a 200-day moving average price of $32.07. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $10.39 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.32 and a beta of 3.24.

APA (NASDAQ:APA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that APA Co. will post 4.63 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Monday, July 22nd. APA’s dividend payout ratio is currently 11.19%.

Analysts Set New Price Targets

APA has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on APA from $54.00 to $57.00 and gave the stock a “positive” rating in a research report on Tuesday, May 7th. StockNews.com lowered APA from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Morgan Stanley restated an “underweight” rating and set a $28.00 price target on shares of APA in a research report on Monday, April 15th. Truist Financial dropped their price target on APA from $59.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, The Goldman Sachs Group dropped their price target on APA from $35.00 to $31.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.52.

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.