19,956 Shares in APA Corporation $APA Purchased by Cynosure Group LLC

Cynosure Group LLC acquired a new position in APA Corporation (NASDAQ:APA) in the fourth quarter, HoldingsChannel reports. The fund acquired 19,956 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. lifted its stake in APA by 1.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock worth $689,000 after acquiring an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in APA by 3.2% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 14,648 shares of the company’s stock worth $358,000 after acquiring an additional 461 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in APA by 0.4% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 130,869 shares of the company’s stock worth $3,201,000 after acquiring an additional 527 shares during the period. O Keefe Stevens Advisory Inc. lifted its stake in APA by 1.9% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 30,093 shares of the company’s stock worth $736,000 after acquiring an additional 555 shares during the period. Finally, Wedmont Private Capital lifted its stake in APA by 6.5% in the fourth quarter. Wedmont Private Capital now owns 9,479 shares of the company’s stock worth $222,000 after acquiring an additional 578 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on APA shares. Weiss Ratings raised shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wolfe Research upped their price objective on shares of APA from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. The Goldman Sachs Group upped their price objective on shares of APA from $31.00 to $34.00 and gave the stock a “sell” rating in a research note on Tuesday, May 19th. Morgan Stanley raised their price target on shares of APA from $43.00 to $44.00 and gave the company an “underweight” rating in a report on Thursday, May 21st. Finally, Roth Mkm raised their price target on shares of APA from $27.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Eight research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.04.

Insider Buying and Selling at APA

In other news, VP Mark D. Maddox sold 9,800 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the sale, the vice president directly owned 66,810 shares in the company, valued at approximately $2,675,072.40. This trade represents a 12.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

APA Stock Down 1.5%

NASDAQ:APA opened at $34.26 on Wednesday. APA Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $45.66. The stock has a market capitalization of $12.11 billion, a P/E ratio of 7.99 and a beta of 0.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company’s 50-day simple moving average is $38.02 and its 200-day simple moving average is $32.24.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. APA had a net margin of 17.38% and a return on equity of 20.70%. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the business earned $1.06 EPS. The company’s revenue was down 11.7% compared to the same quarter last year. On average, equities analysts anticipate that APA Corporation will post 5.59 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, July 22nd. APA’s dividend payout ratio (DPR) is currently 23.31%.

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.