APA Corporation $APA Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN boosted its holdings in APA Corporation (NASDAQ:APA) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,943 shares of the company’s stock after purchasing an additional 45,100 shares during the quarter. OLD National Bancorp IN’s holdings in APA were worth $10,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its stake in APA by 144.9% in the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after purchasing an additional 1,104 shares during the period. CVA Family Office LLC grew its holdings in shares of APA by 6,096.7% during the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after buying an additional 1,829 shares during the last quarter. MAI Capital Management grew 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 worth $39,000 after buying an additional 925 shares during the last quarter. Whittier Trust Co. increased its position in APA by 214.3% in the 2nd 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 during the period. Finally, Hantz Financial Services Inc. raised its stake in APA by 1,731.8% during the 2nd 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 during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APA has been the topic of several analyst reports. Roth Capital lifted their target price on APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Scotiabank increased their price target on APA from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. BMO Capital Markets boosted their price objective on shares of APA from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. UBS Group upped their price objective on shares of APA from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Stephens lifted their target price on shares of APA from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, APA has a consensus rating of “Hold” and an average price target of $26.73.

APA Trading Up 1.2%

NASDAQ:APA opened at $24.41 on Tuesday. The stock has a fifty day moving average price of $24.20 and a two-hundred day moving average price of $22.18. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 6.50 and a beta of 0.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78. APA Corporation has a 1 year low of $13.58 and a 1 year high of $27.72.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.74 by $0.19. APA had a net margin of 15.49% and a return on equity of 19.86%. 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 firm earned $1.00 EPS. The business’s revenue was down 16.4% on a year-over-year basis. As a group, sell-side analysts anticipate that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Thursday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.1%. APA’s payout ratio is currently 24.04%.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.