Thrivent Financial for Lutherans Sells 27,461 Shares of APA Corporation $APA

Thrivent Financial for Lutherans trimmed its position in APA Corporation (NASDAQ:APA) by 38.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,635 shares of the company’s stock after selling 27,461 shares during the quarter. Thrivent Financial for Lutherans’ holdings in APA were worth $1,059,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Inc. lifted its stake in APA by 0.5% in the third quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock worth $2,303,000 after acquiring an additional 485 shares during the period. AlphaQuest LLC lifted its position in shares of APA by 22.7% in the 3rd quarter. AlphaQuest LLC now owns 18,919 shares of the company’s stock worth $459,000 after purchasing an additional 3,494 shares during the period. Arizona State Retirement System boosted its stake in shares of APA by 0.5% during the third quarter. Arizona State Retirement System now owns 106,734 shares of the company’s stock valued at $2,592,000 after purchasing an additional 517 shares in the last quarter. AE Wealth Management LLC increased its holdings in APA by 2,049.4% during the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock valued at $9,797,000 after buying an additional 384,738 shares during the period. Finally, LRI Investments LLC raised its stake in APA by 4,697.7% in the third quarter. LRI Investments LLC now owns 2,063 shares of the company’s stock worth $50,000 after buying an additional 2,020 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Up 3.7%

Shares of NASDAQ:APA opened at $27.92 on Friday. The business’s 50-day moving average is $25.59 and its 200 day moving average is $23.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. APA Corporation has a 1 year low of $13.58 and a 1 year high of $28.56. The firm has a market capitalization of $9.90 billion, a P/E ratio of 6.71, a P/E/G ratio of 12.76 and a beta of 0.74.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is presently 24.04%.

Analyst Ratings Changes

APA has been the topic of several recent research reports. UBS Group increased their target price on APA from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Piper Sandler upped their price objective on APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Jefferies Financial Group raised their price objective on APA from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. TD Cowen upgraded shares of APA to a “hold” rating in a report on Monday, February 9th. Finally, Stephens increased their price target on shares of APA from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.35.

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.