Woodstock Corp Boosts Stock Position in APA Co. (NASDAQ:APA)

Woodstock Corp raised its position in APA Co. (NASDAQ:APA) by 20.3% during the third quarter, Holdings Channel.com reports. The firm owned 308,253 shares of the company’s stock after buying an additional 51,993 shares during the period. Woodstock Corp’s holdings in APA were worth $7,540,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after buying an additional 2,004,555 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in APA by 18.5% in the first quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company’s stock valued at $1,673,000 after purchasing an additional 7,580 shares during the period. Ellis Investment Partners LLC acquired a new position in APA during the second quarter worth approximately $2,499,000. AQR Capital Management LLC raised its stake in APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after purchasing an additional 767,557 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of APA by 50.2% in the 2nd quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock valued at $29,002,000 after purchasing an additional 329,462 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays dropped their price objective on APA from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Sanford C. Bernstein cut their price objective on APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. UBS Group decreased their target price on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Truist Financial raised their price target on shares of APA from $34.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company dropped their price objective on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.90.

APA Price Performance

APA opened at $27.07 on Monday. The company has a market capitalization of $10.05 billion, a P/E ratio of 3.03 and a beta of 3.23. The company has a 50-day moving average of $26.67 and a 200-day moving average of $29.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. APA Co. has a 1-year low of $22.72 and a 1-year high of $43.58.

APA (NASDAQ:APA) last released its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping 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 company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $0.85 EPS. APA’s quarterly revenue was up 41.6% compared to the same quarter last year. Equities analysts expect that APA Co. will post 3.97 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.69%. APA’s payout ratio is 11.19%.

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.