25,570 Shares in APA Corporation $APA Bought by Lido Advisors LLC

Lido Advisors LLC bought a new stake in APA Corporation (NASDAQ:APA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,570 shares of the company’s stock, valued at approximately $1,085,000.

Several other large investors also recently modified their holdings of the business. Hollencrest Capital Management lifted its holdings in shares of APA by 520.8% during the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in APA during the 1st quarter worth approximately $28,000. Global Assets Advisory LLC acquired a new stake in APA during the 1st quarter worth approximately $44,000. Summit Securities Group LLC raised its holdings in APA by 115.1% during the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock worth $32,000 after buying an additional 710 shares during the period. Finally, Camelot Portfolios LLC bought a new position in APA in the fourth quarter valued at approximately $37,000. 83.01% of the stock is currently owned by institutional investors.

Insider Activity at APA

In other news, VP Mark D. Maddox sold 9,800 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total transaction of $392,392.00. Following the completion of the transaction, the vice president directly owned 66,810 shares in the company, valued at $2,675,072.40. This represents a 12.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of APA from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research lowered shares of APA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Citigroup reaffirmed a “neutral” rating on shares of APA in a research report on Tuesday, July 21st. UBS Group reduced their target price on shares of APA from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group lowered their target price on APA from $34.00 to $32.00 and set a “sell” rating for the company in a report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.35.

APA Price Performance

Shares of APA opened at $34.74 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. APA Corporation has a twelve month low of $17.86 and a twelve month high of $45.66. The stock has a market capitalization of $12.28 billion, a P/E ratio of 8.10 and a beta of 0.35. The company has a 50 day moving average of $35.45 and a 200-day moving average of $34.06.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a net margin of 17.38% and a return on equity of 20.70%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, equities research analysts forecast that APA Corporation will post 4.92 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 2.9%. APA’s payout ratio is 23.31%.

About APA

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.