APA Co. (NASDAQ:APA) Shares Sold by Cwm LLC

Cwm LLC lessened its position in shares of APA Co. (NASDAQ:APA) by 6.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,859 shares of the company’s stock after selling 745 shares during the period. Cwm LLC’s holdings in APA were worth $266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after buying an additional 470 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC acquired a new position in APA during the second quarter worth $42,000. GPS Wealth Strategies Group LLC lifted its holdings in APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after purchasing an additional 1,590 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of APA in the second quarter valued at about $57,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wolfe Research initiated coverage on shares of APA in a research note on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price target on the stock. Evercore ISI decreased their target price on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Citigroup dropped their price target on APA from $32.00 to $29.00 in a research report on Friday. Truist Financial raised their price objective on APA from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Scotiabank dropped their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Four 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, APA presently has a consensus rating of “Hold” and a consensus price target of $34.18.

APA Stock Performance

Shares of APA stock opened at $25.11 on Tuesday. APA Co. has a one year low of $22.72 and a one year high of $41.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s 50 day moving average price is $26.43 and its 200-day moving average price is $29.02. The firm has a market cap of $9.32 billion, a P/E ratio of 2.81 and a beta of 3.23.

APA (NASDAQ:APA) last released 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 during the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 41.6% on a year-over-year basis. As a group, equities research analysts predict that APA Co. will post 3.97 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Tuesday, October 22nd. 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.