Y Intercept Hong Kong Ltd Has $2.25 Million Position in APA Corporation $APA

Y Intercept Hong Kong Ltd lessened its position in APA Corporation (NASDAQ:APA) by 72.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 92,761 shares of the company’s stock after selling 240,924 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in APA were worth $2,252,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of APA. Deseret Mutual Benefit Administrators grew its stake in shares of APA by 276.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock worth $29,000 after acquiring an additional 891 shares in the last quarter. Spire Wealth Management boosted its holdings in APA by 179.6% during the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock worth $37,000 after purchasing an additional 977 shares during the last quarter. CVA Family Office LLC grew its position in APA by 6,096.7% in the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after purchasing an additional 1,829 shares in the last quarter. TD Private Client Wealth LLC grew its position 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 in the last quarter. Finally, MAI Capital Management increased its stake in APA by 76.5% in the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after buying an additional 925 shares during 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. Citigroup increased their price objective on shares of APA from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Morgan Stanley dropped their target price on APA from $23.00 to $21.00 and set an “underweight” rating on the stock in a report on Friday, January 23rd. William Blair assumed coverage on APA in a research report on Wednesday, November 26th. They set an “outperform” rating and a $32.00 price target for the company. BMO Capital Markets boosted their price target on APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a research report on Monday, October 13th. Finally, Wolfe Research reiterated an “outperform” rating and set a $35.00 price objective on shares of APA in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $26.35.

APA Trading Up 0.7%

APA stock opened at $26.01 on Thursday. The stock has a 50-day simple moving average of $25.14 and a 200 day simple moving average of $23.22. The stock has a market capitalization of $9.22 billion, a P/E ratio of 6.25, a PEG ratio of 12.77 and a beta of 0.74. 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 52 week low of $13.58 and a 52 week high of $27.72.

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

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders 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 yield of 3.8%. APA’s dividend payout ratio (DPR) is currently 24.04%.

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.