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

Segment Wealth Management LLC lifted its stake in shares of APA Co. (NASDAQ:APA) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,367 shares of the company’s stock after buying an additional 535 shares during the period. Segment Wealth Management LLC’s holdings in APA were worth $1,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. increased its holdings in shares of APA by 0.5% during the 4th quarter. American International Group Inc. now owns 86,458 shares of the company’s stock valued at $3,102,000 after purchasing an additional 461 shares in the last quarter. Gateway Investment Advisers LLC acquired a new stake in APA in the first quarter valued at approximately $210,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of APA in the first quarter valued at approximately $327,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of APA by 35.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,945 shares of the company’s stock worth $514,000 after buying an additional 3,902 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in APA by 49.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 27,769 shares of the company’s stock valued at $955,000 after acquiring an additional 9,133 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Performance

Shares of APA stock opened at $25.18 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 2.82 and a beta of 3.23. The business has a 50-day moving average of $26.35 and a 200 day moving average of $28.95. APA Co. has a 12 month low of $22.72 and a 12 month high of $41.86.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.22. The firm had revenue of $2.54 billion for 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 for the quarter was up 41.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts forecast that APA Co. will post 3.97 earnings per share for the current year.

APA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on APA. Scotiabank dropped their target price 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. Truist Financial raised their target price on APA from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI dropped their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price objective on shares of APA in a research note on Tuesday, September 17th. Finally, Bernstein Bank dropped their target price on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus 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.