APA Corporation (NASDAQ:APA) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in shares of APA Corporation (NASDAQ:APA) by 3.1% in the 1st quarter, HoldingsChannel reports. The firm owned 54,298 shares of the company’s stock after buying an additional 1,628 shares during the quarter. Yousif Capital Management LLC’s holdings in APA were worth $1,141,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. ProShare Advisors LLC raised its holdings in APA by 0.4% in the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company’s stock valued at $2,630,000 after acquiring an additional 449 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of APA by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock valued at $1,780,000 after buying an additional 469 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of APA by 1.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company’s stock valued at $1,018,000 after buying an additional 517 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock valued at $3,070,000 after buying an additional 544 shares during the period. Finally, Transcend Capital Advisors LLC grew its stake in shares of APA by 6.6% during the 4th quarter. Transcend Capital Advisors LLC now owns 10,449 shares of the company’s stock valued at $241,000 after buying an additional 643 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 $20.31 on Thursday. APA Corporation has a 12 month low of $13.58 and a 12 month high of $33.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $7.35 billion, a P/E ratio of 7.31, a P/E/G ratio of 6.57 and a beta of 1.25. The company’s fifty day moving average price is $17.16 and its two-hundred day moving average price is $20.04.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.23. APA had a net margin of 9.75% and a return on equity of 23.22%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. On average, research analysts anticipate that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. APA’s dividend payout ratio is currently 35.97%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APA shares. Wells Fargo & Company lowered their price objective on shares of APA from $23.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup boosted their price objective on shares of APA from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Mizuho lowered their price objective on shares of APA from $20.00 to $19.00 and set an “underperform” rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada lowered their price objective on shares of APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.72.

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.