V Square Quantitative Management LLC Buys 499 Shares of APA Co. (NASDAQ:APA)

V Square Quantitative Management LLC increased its position in shares of APA Co. (NASDAQ:APA) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,703 shares of the company’s stock after acquiring an additional 499 shares during the period. V Square Quantitative Management LLC’s holdings in APA were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. American National Bank lifted its holdings in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after purchasing an additional 490 shares during the period. Rakuten Securities Inc. acquired a new position in shares of APA during the fourth quarter worth $34,000. Principal Securities Inc. acquired a new position in shares of APA during the fourth quarter worth $39,000. Covestor Ltd lifted its holdings in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in APA during the fourth quarter worth $44,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of APA from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group reduced their price target on shares of APA from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Truist Financial raised their price target on shares of APA from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Sanford C. Bernstein reduced their price objective on shares of APA from $37.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Finally, Barclays reduced their price objective on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $38.50.

APA Trading Up 0.9 %

Shares of APA traded up $0.27 during trading hours on Wednesday, reaching $29.19. 2,134,693 shares of the company traded hands, compared to its average volume of 6,286,479. The company has a current ratio of 1.01, a quick ratio of 1.16 and a debt-to-equity ratio of 1.04. The stock’s fifty day moving average price is $29.48 and its 200 day moving average price is $30.82. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 3.26 and a beta of 3.26. APA Co. has a 12-month low of $26.81 and a 12-month high of $46.15.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm’s revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. Sell-side analysts forecast that APA Co. will post 4.17 earnings per share for the current year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. APA’s dividend payout ratio (DPR) is currently 11.19%.

About APA

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.