Impact Partnership Wealth LLC Acquires 16,479 Shares of APA Corporation $APA

Impact Partnership Wealth LLC increased its position in shares of APA Corporation (NASDAQ:APA) by 176.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,804 shares of the company’s stock after acquiring an additional 16,479 shares during the period. Impact Partnership Wealth LLC’s holdings in APA were worth $631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APA. Atlantic Union Bankshares Corp bought a new stake in APA during the 3rd quarter worth $34,000. Camelot Portfolios LLC bought a new stake in APA during the 4th quarter worth $37,000. Community Bank N.A. bought a new stake in APA during the 3rd quarter worth $43,000. Cary Street Partners Investment Advisory LLC bought a new stake in APA during the 4th quarter worth $47,000. Finally, LRI Investments LLC grew its position in APA by 4,697.7% during the 3rd quarter. LRI Investments LLC now owns 2,063 shares of the company’s stock worth $50,000 after acquiring an additional 2,020 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APA shares. Wells Fargo & Company boosted their price objective on APA from $21.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Zacks Research lowered APA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Piper Sandler boosted their price objective on APA from $30.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on APA from $38.00 to $41.00 in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.96.

APA Trading Down 0.3%

NASDAQ APA opened at $36.43 on Friday. The business’s 50-day moving average price is $39.08 and its two-hundred day moving average price is $31.12. APA Corporation has a 12 month low of $16.88 and a 12 month high of $45.66. The firm has a market capitalization of $12.87 billion, a PE ratio of 8.49 and a beta of 0.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The firm 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 company posted $1.06 EPS. The business’s revenue was down 11.7% on a year-over-year basis. On average, analysts expect that APA Corporation will post 5.18 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 22nd. APA’s payout ratio is currently 23.31%.

Insider Transactions at APA

In other news, VP Mark D. Maddox sold 9,800 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the transaction, the vice president directly owned 66,810 shares of the company’s stock, valued at $2,675,072.40. The trade was a 12.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the transaction, the director directly owned 6,634 shares in the company, valued at $240,349.82. This represents a 77.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.73% of the stock is owned by insiders.

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.