APA Co. (NASDAQ:APA) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC boosted its holdings in APA Co. (NASDAQ:APA) by 1.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,367 shares of the company’s stock after purchasing an additional 535 shares during the quarter. Segment Wealth Management LLC’s holdings in APA were worth $1,330,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new position in APA during the 2nd quarter worth approximately $42,000. GPS Wealth Strategies Group LLC increased its position in APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after buying an additional 1,590 shares during the period. Finally, LRI Investments LLC purchased a new stake in APA in the first quarter valued at approximately $59,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Up 0.3 %

Shares of APA stock opened at $25.18 on Wednesday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 2.82 and a beta of 3.23. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $26.35 and a 200 day moving average price of $28.95. APA Co. has a twelve month low of $22.72 and a twelve month high of $41.86.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s revenue was up 41.6% on a year-over-year basis. Research analysts forecast that APA Co. will post 3.97 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.97%. APA’s payout ratio is currently 11.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APA. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 target price on shares of APA in a research report on Tuesday, September 17th. Bernstein Bank dropped their target price on APA from $30.00 to $28.00 in a report on Friday, October 18th. Scotiabank lowered their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Mizuho reduced their target price on shares of APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. Finally, Evercore ISI lowered their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.18.

APA Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.