Nordwand Advisors LLC Buys Shares of 28,000 APA Corporation $APA

Nordwand Advisors LLC purchased a new stake in shares of APA Corporation (NASDAQ:APA) during the third quarter, Holdings Channel.com reports. The fund purchased 28,000 shares of the company’s stock, valued at approximately $680,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in APA by 157.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after acquiring an additional 1,869,891 shares during the period. Evergreen Capital Management LLC increased its stake in shares of APA by 7,627.3% in the third quarter. Evergreen Capital Management LLC now owns 1,013,516 shares of the company’s stock worth $24,608,000 after purchasing an additional 1,000,400 shares in the last quarter. SG Americas Securities LLC raised its position in shares of APA by 160.5% in the third quarter. SG Americas Securities LLC now owns 336,277 shares of the company’s stock valued at $8,165,000 after purchasing an additional 892,438 shares during the period. Goldman Sachs Group Inc. raised its position in shares of APA by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after purchasing an additional 806,252 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of APA by 528.8% during the 2nd quarter. Quantinno Capital Management LP now owns 681,588 shares of the company’s stock valued at $12,466,000 after buying an additional 573,193 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on shares of APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Capital One Financial cut their price target on APA from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Mizuho lifted their price target on APA from $20.00 to $22.00 and gave the company an “underperform” rating in a research report on Friday, December 12th. BMO Capital Markets boosted their price objective on APA from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. Finally, William Blair initiated coverage on APA in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $32.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.59.

APA Trading Down 0.9%

APA stock opened at $25.78 on Tuesday. 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 fifty-two week low of $13.58 and a fifty-two week high of $27.72. The stock has a market cap of $9.14 billion, a P/E ratio of 6.20, a PEG ratio of 10.72 and a beta of 0.74. The firm’s fifty day moving average price is $24.96 and its 200-day moving average price is $22.96.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.19. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.00 earnings per share. Equities research analysts forecast that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders 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 annualized dividend and a dividend yield of 3.9%. APA’s payout ratio is presently 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.