APA Corporation $APA Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its position in shares of APA Corporation (NASDAQ:APA) by 86.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,748 shares of the company’s stock after purchasing an additional 28,594 shares during the quarter. Penserra Capital Management LLC’s holdings in APA were worth $1,498,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators raised 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 buying an additional 891 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in APA during the third quarter worth about $34,000. Spire Wealth Management lifted its holdings in shares of APA by 179.6% in the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares in the last quarter. CVA Family Office LLC grew its position in shares of 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 during the last quarter. Finally, LRI Investments LLC increased its stake in shares of 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 purchasing an additional 2,020 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APA has been the topic of a number of recent research reports. Susquehanna upped their target price on APA from $30.00 to $32.00 and gave the company a “positive” rating in a research note on Wednesday, November 12th. Raymond James Financial reissued an “outperform” rating and issued a $31.00 price target on shares of APA in a report on Monday, November 24th. Capital One Financial decreased their price objective on APA from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, January 9th. The Goldman Sachs Group boosted their target price on shares of APA from $21.00 to $23.00 and gave the company a “sell” rating in a research note on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating on shares of APA in a report on Monday. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and an average price target of $26.35.

APA Stock Up 3.7%

APA opened at $27.46 on Friday. APA Corporation has a 12 month low of $13.58 and a 12 month high of $27.72. The business has a 50-day moving average of $25.46 and a two-hundred day moving average of $23.57. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 12.10 and a beta of 0.74.

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

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, April 22nd. APA’s dividend payout ratio is presently 24.04%.

APA 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.