APA Co. (NASDAQ:APA) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in APA Co. (NASDAQ:APA) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,644 shares of the company’s stock after purchasing an additional 952 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in APA were worth $847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APA. Covestor Ltd lifted its holdings in APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of APA during the 2nd quarter worth $42,000. GPS Wealth Strategies Group LLC increased its position in shares of APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in APA in the 2nd quarter valued at about $57,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APA has been the subject of several research analyst reports. Citigroup lowered their target price on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Susquehanna dropped their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. UBS Group decreased their price target on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Wells Fargo & Company lowered their price target on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Finally, Bernstein Bank cut their price objective on APA from $30.00 to $28.00 in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.18.

APA Stock Up 0.3 %

Shares of NASDAQ APA opened at $25.18 on Wednesday. APA Co. has a 1 year low of $22.72 and a 1 year high of $41.86. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 2.82 and a beta of 3.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $26.35 and a two-hundred day moving average of $28.95.

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

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend 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.