Berger Financial Group Inc Buys 11,460 Shares of APA Corporation $APA

Berger Financial Group Inc raised its stake in APA Corporation (NASDAQ:APA) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 252,186 shares of the company’s stock after acquiring an additional 11,460 shares during the period. Berger Financial Group Inc’s holdings in APA were worth $4,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in APA. Lynx Investment Advisory bought a new stake in shares of APA in the first quarter worth about $415,000. Fifth Third Bancorp raised its holdings in shares of APA by 98.7% during the 2nd quarter. Fifth Third Bancorp now owns 51,924 shares of the company’s stock worth $950,000 after acquiring an additional 25,787 shares in the last quarter. Bayforest Capital Ltd raised its holdings in shares of APA by 1,576.6% during the 1st quarter. Bayforest Capital Ltd now owns 18,979 shares of the company’s stock worth $399,000 after acquiring an additional 17,847 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of APA by 3,303.0% during the 1st quarter. GAMMA Investing LLC now owns 268,194 shares of the company’s stock valued at $5,637,000 after acquiring an additional 260,313 shares during the last quarter. Finally, Strs Ohio bought a new stake in APA in the first quarter worth $14,735,000. Institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APA shares. Stephens began coverage on shares of APA in a research report on Tuesday, August 5th. They set an “equal weight” rating and a $24.00 price objective for the company. Cowen reaffirmed a “hold” rating on shares of APA in a report on Thursday, August 7th. UBS Group lifted their price target on APA from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 20th. Scotiabank reissued a “sector perform” rating and set a $22.00 price objective (up from $14.00) on shares of APA in a research note on Friday, July 11th. Finally, The Goldman Sachs Group raised their price objective on APA from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.24.

APA Price Performance

APA stock opened at $24.54 on Friday. The stock has a market cap of $8.78 billion, a PE ratio of 8.21, a P/E/G ratio of 6.99 and a beta of 1.16. APA Corporation has a 12 month low of $13.58 and a 12 month high of $27.48. The company has a 50-day moving average price of $22.01 and a 200 day moving average price of $19.40. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s quarterly revenue was down 14.4% compared to the same quarter last year. Equities research analysts anticipate that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA’s dividend payout ratio is 33.44%.

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.