Mark Sheptoff Financial Planning LLC Makes New $383,000 Investment in APA Co. (NASDAQ:APA)

Mark Sheptoff Financial Planning LLC bought a new stake in APA Co. (NASDAQ:APA) during the 2nd quarter, Holdings Channel reports. The firm bought 13,000 shares of the company’s stock, valued at approximately $383,000.

Several other hedge funds have also made changes to their positions in the company. Kentucky Retirement Systems grew its holdings in shares of APA by 17.9% during the 2nd quarter. Kentucky Retirement Systems now owns 27,133 shares of the company’s stock worth $799,000 after purchasing an additional 4,118 shares during the period. Hsbc Holdings PLC lifted its position in APA by 50.2% in the second quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock valued at $29,002,000 after buying an additional 329,462 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its stake in APA by 15.2% during the second quarter. Elo Mutual Pension Insurance Co now owns 31,897 shares of the company’s stock worth $939,000 after buying an additional 4,206 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of APA by 51.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 53,652 shares of the company’s stock valued at $1,577,000 after acquiring an additional 18,301 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of APA by 5.8% in the 2nd quarter. Amalgamated Bank now owns 114,691 shares of the company’s stock valued at $3,377,000 after acquiring an additional 6,303 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $25.11 on Thursday. APA Co. has a 12 month low of $22.72 and a 12 month high of $43.58. 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 has a market cap of $9.32 billion, a P/E ratio of 2.81 and a beta of 3.24. The firm has a fifty day moving average price of $28.55 and a 200 day moving average price of $30.19.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (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 analysts’ expectations of $2.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. Sell-side analysts predict that APA Co. will post 4.34 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.98%. APA’s dividend payout ratio is currently 11.19%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on APA shares. Susquehanna lowered their price objective on shares of APA from $57.00 to $52.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Citigroup lowered their price target on APA from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Piper Sandler cut their price objective on APA from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Scotiabank decreased their target price on APA from $37.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 target price on shares of APA in a research report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, APA has an average rating of “Hold” and a consensus target price of $36.38.

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.