Sequoia Financial Advisors LLC Has $392,000 Stock Holdings in APA Co. (NASDAQ:APA)

Sequoia Financial Advisors LLC increased its holdings in shares of APA Co. (NASDAQ:APA) by 87.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,019 shares of the company’s stock after purchasing an additional 7,490 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in APA were worth $392,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the period. Rothschild Investment LLC acquired a new position in shares of APA during the second quarter worth about $42,000. GPS Wealth Strategies Group LLC grew its holdings in shares of APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after buying an additional 1,590 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in APA in the 2nd quarter valued at approximately $57,000. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

NASDAQ APA opened at $24.82 on Monday. The firm has a 50-day moving average price of $26.00 and a two-hundred day moving average price of $28.65. APA Co. has a 12-month low of $22.72 and a 12-month high of $40.93. The company has a market capitalization of $9.21 billion, a P/E ratio of 2.78 and a beta of 3.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 41.6% on a year-over-year basis. Analysts anticipate that APA Co. will post 3.97 earnings per share for the current year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 11.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of APA from $26.00 to $25.00 in a research note on Friday, October 18th. Sanford C. Bernstein cut their price target on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Citigroup lowered their target price on APA from $32.00 to $29.00 in a research report on Friday, October 18th. 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. Finally, Susquehanna lowered their price target on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.18.

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.