Level Four Advisory Services LLC Increases Stock Holdings in APA Corporation $APA

Level Four Advisory Services LLC boosted its stake in APA Corporation (NASDAQ:APA) by 11.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 422,426 shares of the company’s stock after acquiring an additional 42,324 shares during the quarter. Level Four Advisory Services LLC owned 0.12% of APA worth $7,726,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC raised its position in shares of APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after purchasing an additional 1,829 shares during the last quarter. TD Private Client Wealth LLC increased its stake in APA by 144.9% during 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 in the last quarter. MAI Capital Management raised its holdings in shares of APA by 76.5% during the second quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after acquiring an additional 925 shares during the last quarter. Whittier Trust Co. lifted its position in shares of APA by 214.3% in the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of APA by 1,731.8% in the second quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock valued at $43,000 after acquiring an additional 2,234 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Up 2.5%

Shares of APA opened at $24.67 on Friday. APA Corporation has a 12-month low of $13.58 and a 12-month high of $25.83. The firm has a market capitalization of $8.75 billion, a P/E ratio of 8.25, a P/E/G ratio of 6.28 and a beta of 1.12. The firm has a 50-day moving average price of $23.72 and a 200 day moving average price of $21.16. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.19. APA had a net margin of 10.53% and a return on equity of 20.98%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the business posted $1.00 EPS. APA’s revenue was down 16.4% on a year-over-year basis. Sell-side analysts forecast that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, October 22nd were issued a $0.25 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.1%. APA’s dividend payout ratio is currently 24.04%.

Analyst Ratings Changes

Several research analysts recently commented on APA shares. Wells Fargo & Company increased their price objective on APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Friday, August 15th. Sanford C. Bernstein upped their target price on shares of APA from $22.00 to $26.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. Royal Bank Of Canada raised their price target on shares of APA from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, November 17th. Evercore ISI lowered their price target on shares of APA from $21.00 to $16.00 in a research report on Tuesday, November 4th. Finally, Susquehanna increased their price objective on shares of APA from $30.00 to $32.00 and gave the company a “positive” rating in a report on Wednesday, November 12th. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.90.

APA Company 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.