Courier Capital LLC Grows Stock Position in APA Co. (NASDAQ:APA)

Courier Capital LLC lifted its stake in APA Co. (NASDAQ:APA) by 510.6% in the third quarter, HoldingsChannel reports. The firm owned 51,900 shares of the company’s stock after acquiring an additional 43,400 shares during the quarter. Courier Capital LLC’s holdings in APA were worth $1,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Segment Wealth Management LLC boosted its holdings in APA by 1.0% in the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after purchasing an additional 535 shares during the period. Signaturefd LLC boosted its holdings in APA by 46.8% in the third quarter. Signaturefd LLC now owns 10,431 shares of the company’s stock valued at $255,000 after purchasing an additional 3,323 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in APA by 87.8% in the third quarter. Sequoia Financial Advisors LLC now owns 16,019 shares of the company’s stock valued at $392,000 after purchasing an additional 7,490 shares during the period. OLD National Bancorp IN lifted its holdings in APA by 64.6% during the 3rd quarter. OLD National Bancorp IN now owns 210,230 shares of the company’s stock worth $5,142,000 after buying an additional 82,545 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in APA by 32.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 12,114 shares of the company’s stock worth $296,000 after buying an additional 2,964 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on APA shares. Bernstein Bank decreased their price target on APA from $30.00 to $28.00 in a report on Friday, October 18th. Wolfe Research started coverage on APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target for the company. Piper Sandler decreased their price target on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Citigroup decreased their price target on APA from $32.00 to $29.00 in a report on Friday, October 18th. Finally, The Goldman Sachs Group decreased their price target on APA from $26.00 to $25.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued 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, the stock has an average rating of “Hold” and a consensus target price of $34.18.

APA Stock Down 2.7 %

APA opened at $24.49 on Thursday. The business has a 50 day moving average price of $26.27 and a two-hundred day moving average price of $28.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. The company has a market cap of $9.09 billion, a PE ratio of 2.82 and a beta of 3.23. APA Co. has a 52 week low of $22.72 and a 52 week high of $41.55.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. The firm’s revenue was up 41.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. As a group, research analysts anticipate that APA Co. will post 3.97 EPS for the current year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 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.