Sagefield Capital LP Acquires 3,226 Shares of APA Co. (NASDAQ:APA)

Sagefield Capital LP raised its position in shares of APA Co. (NASDAQ:APA) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 366,840 shares of the company’s stock after purchasing an additional 3,226 shares during the period. APA comprises 1.1% of Sagefield Capital LP’s portfolio, making the stock its 24th biggest position. Sagefield Capital LP owned 0.10% of APA worth $10,800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APA. Dimensional Fund Advisors LP raised its position in APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after purchasing an additional 2,736,041 shares in the last quarter. Harris Associates L P raised its position in shares of APA by 17.8% in the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after acquiring an additional 2,367,570 shares in the last quarter. Vanguard Group Inc. raised its position in shares of APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of APA by 10.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after acquiring an additional 1,938,335 shares in the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of APA in the 1st quarter worth $28,593,000. 83.01% of the stock is owned by institutional investors.

APA Stock Up 1.5 %

APA stock opened at $25.44 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50-day simple moving average is $28.17 and its two-hundred day simple moving average is $30.05. The company has a market cap of $9.44 billion, a PE ratio of 2.85 and a beta of 3.24. APA Co. has a fifty-two week low of $22.72 and a fifty-two week high of $43.58.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.22. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. The company’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Equities analysts anticipate that APA Co. will post 4.34 EPS for the current year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.93%. APA’s payout ratio is 11.19%.

Wall Street Analysts Forecast Growth

APA has been the subject of several recent research reports. Mizuho reduced their price target on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Susquehanna reduced their price target on APA from $57.00 to $52.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Barclays reissued an “equal weight” rating and issued a $35.00 price target on shares of APA in a research report on Wednesday, September 11th. Finally, Evercore ISI reissued an “in-line” rating and issued a $39.00 price target on shares of APA in a research report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.38.

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.