Range Financial Group LLC Takes Position in APA Corporation $APA

by · The Cerbat Gem

Range Financial Group LLC bought a new stake in APA Corporation (NASDAQ:APA – Free Report) in the third quarter, HoldingsChannel.com reports. The fund bought 85,212 shares of the company’s stock, valued at approximately $2,069,000.

Several other large investors also recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its position in APA by 144.9% during the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after purchasing an additional 1,104 shares during the last quarter. CVA Family Office LLC raised its position in shares of APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after buying an additional 1,829 shares in the last quarter. MAI Capital Management lifted its holdings in shares of APA by 76.5% in the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after acquiring an additional 925 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of APA by 214.3% in the 2nd quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in APA by 1,731.8% in the second quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock worth $43,000 after acquiring an additional 2,234 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APA. JPMorgan Chase & Co. decreased their price objective on APA from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Monday, December 8th. Stephens increased their price target on APA from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on shares of APA from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, November 17th. Susquehanna boosted their price objective on shares of APA from $30.00 to $32.00 and gave the company a “positive” rating in a research report on Wednesday, November 12th. Finally, Morgan Stanley increased their target price on shares of APA from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday, November 20th. Six analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, APA currently has an average rating of “Hold” and a consensus target price of $26.73.

Check Out Our Latest Stock Analysis on APA

APA Stock Performance

Shares of APA stock opened at $24.38 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $24.35 and its two-hundred day moving average is $22.36. APA Corporation has a 52 week low of $13.58 and a 52 week high of $27.72. The company has a market capitalization of $8.65 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 6.52 and a beta of 0.75.

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

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Thursday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, January 22nd. APA’s dividend payout ratio (DPR) is 24.04%.

APA Profile

(Free Report)

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.

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