APA Co. (NASDAQ:APA) Shares Sold by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC decreased its position in APA Co. (NASDAQ:APA) by 51.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,202 shares of the company’s stock after selling 8,619 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in APA were worth $201,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after purchasing an additional 2,736,041 shares during the period. Bank of New York Mellon Corp increased its stake in APA by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after buying an additional 455,312 shares during the period. LSV Asset Management increased its stake in APA by 4.9% during the 2nd quarter. LSV Asset Management now owns 2,757,900 shares of the company’s stock worth $81,193,000 after buying an additional 129,841 shares during the period. Finally, Kornitzer Capital Management Inc. KS boosted its position in APA by 1.1% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 1,451,439 shares of the company’s stock valued at $42,730,000 after buying an additional 16,287 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Up 1.0 %

APA stock opened at $25.16 on Friday. 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 company’s 50-day moving average price is $26.43 and its 200 day moving average price is $29.06. APA Co. has a 52 week low of $22.72 and a 52 week high of $43.58. The company has a market cap of $9.34 billion, a P/E ratio of 2.81 and a beta of 3.23.

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

APA Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Truist Financial upped their price objective on APA from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group reduced their price target on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Wolfe Research initiated coverage on APA in a research report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price objective for the company. Susquehanna reduced their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday. Finally, Wells Fargo & Company lowered their price target on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.18.

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.