Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Position in APA Corporation (NASDAQ:APA)

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in APA Corporation (NASDAQ:APA) by 9.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,342 shares of the company’s stock after selling 7,177 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in APA were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of APA by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company’s stock valued at $219,016,000 after purchasing an additional 200,770 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of APA by 3,303.0% in the first quarter. GAMMA Investing LLC now owns 268,194 shares of the company’s stock valued at $5,637,000 after purchasing an additional 260,313 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of APA by 14.5% in the first quarter. Fifth Third Bancorp now owns 26,137 shares of the company’s stock valued at $549,000 after purchasing an additional 3,306 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of APA by 11.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 207,210 shares of the company’s stock valued at $4,378,000 after purchasing an additional 21,630 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of APA by 34.2% in the first quarter. Envestnet Asset Management Inc. now owns 269,512 shares of the company’s stock valued at $5,665,000 after purchasing an additional 68,725 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the subject of several analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $26.00 target price (up previously from $25.00) on shares of APA in a report on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of APA from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, May 23rd. Mizuho decreased their price objective on shares of APA from $20.00 to $19.00 and set an “underperform” rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price objective on shares of APA from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Finally, Scotiabank restated a “sector perform” rating and set a $22.00 price objective (up previously from $14.00) on shares of APA in a report on Friday, July 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.50.

APA Price Performance

APA opened at $19.29 on Friday. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 6.36 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $18.95 and a 200-day moving average price of $19.34. APA Corporation has a twelve month low of $13.58 and a twelve month high of $33.41.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Equities analysts expect that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 5.2%. APA’s payout ratio is currently 35.97%.

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.