Yousif Capital Management LLC Grows Holdings in APA Corporation $APA

Yousif Capital Management LLC lifted its holdings in APA Corporation (NASDAQ:APA) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 56,596 shares of the company’s stock after acquiring an additional 2,298 shares during the quarter. Yousif Capital Management LLC’s holdings in APA were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in shares of APA by 2,709.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock worth $30,000 after buying an additional 1,382 shares during the period. TD Private Client Wealth LLC grew its position in shares of APA by 144.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after buying an additional 1,104 shares during the period. Toth Financial Advisory Corp purchased a new stake in shares of APA in the 2nd quarter worth about $49,000. SVB Wealth LLC purchased a new stake in shares of APA in the 1st quarter worth about $55,000. Finally, Allworth Financial LP grew its position in shares of APA by 122.5% in the 1st quarter. Allworth Financial LP now owns 3,084 shares of the company’s stock worth $65,000 after buying an additional 1,698 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Price Performance

APA opened at $22.58 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $8.08 billion, a P/E ratio of 7.55, a P/E/G ratio of 6.38 and a beta of 1.16. The company’s 50-day simple moving average is $22.98 and its two-hundred day simple moving average is $19.67. APA Corporation has a 52-week low of $13.58 and a 52-week high of $25.83.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.42. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.03 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. As a group, analysts predict that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.4%. APA’s dividend payout ratio is currently 33.44%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Mizuho upped their price target on shares of APA from $18.00 to $20.00 and gave the stock an “underperform” rating in a research note on Thursday, October 16th. Stephens assumed coverage on shares of APA in a research note on Tuesday, August 5th. They issued an “equal weight” rating and a $24.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of APA in a research note on Tuesday, October 14th. BMO Capital Markets upped their price target on shares of APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a research note on Monday, October 13th. Finally, Cfra Research upgraded shares of APA to a “hold” rating in a research note on Friday, August 8th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, APA presently has an average rating of “Hold” and a consensus target price of $24.74.

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.