AE Wealth Management LLC makes a new investment in APA Co. (NASDAQ:APA)


AE Wealth Management LLC acquired a new position in APA Co. (NASDAQ:APA – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,917 shares of the company’s stock, valued at approximately $2,311,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in shares of APA in the 4th quarter worth about $30,000. Ahrens Investment Partners LLC bought a new position in shares of APA in the 4th quarter worth about $35,000. Outfitter Financial LLC bought a new position in shares of APA in the 4th quarter valued at about $48,000. CWM LLC bought a new position in shares of APA in the 4th quarter valued at about $72,000. Finally, Byrne Asset Management LLC bought a new position in shares of APA in 4th quarter worth about $77,000. Institutional investors and hedge funds own 84.08% of the company’s stock.

Shares of NASDAQ APA opened at $35.35 on Monday. The firm’s 50-day moving average is $42.40 and its 200-day moving average is $37.74. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.77. The company has a market cap of $11.96 billion, a PE ratio of 5.05, a PEG ratio of 0.14 and a beta of 4.06. APA Co. it has a 52-week low of $15.55 and a 52-week high of $51.95.

APA (NASDAQ:APA – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.16). The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.44 billion. APA had a net margin of 30.21% and a return on equity of 11,632.79%. The business’s revenue was up 42.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. As a group, equities research analysts expect APA Co. to post 10.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Friday, July 22nd will be given a $0.125 dividend. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, July 21st. APA’s payout ratio is 7.14%.

Several research analysts have recently issued reports on the stock. Susquehanna Bancshares upped their target price on shares of APA from $42.00 to $52.00 in a research note on Monday, April 25th. Stifel Nicolaus boosted their price objective on shares of APA from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 6th. Goldman Sachs Group boosted their price objective on shares of APA from $46.50 to $52.50 and gave the company a “neutral” rating in a research report on Tuesday, April 26th. Piper Sandler reduced their price objective on shares of APA to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. Finally, Morgan Stanley boosted their price objective on shares of APA from $41.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Moderate Buy” and an average target price of $51.70, according to MarketBeat.com.

In related news, insider P Anthony Lannie sold 86,750 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $41.26, for a total value of $3,579,305.00. Following the transaction, the insider now owns 58,844 shares of the company’s stock, valued at $2,427,903.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.88% of the company’s shares.

APA Company Profile (Get Rating)

APA Corporation, through its subsidiaries, explores, develops and produces oil and gas fields. It has operations in the United States, Egypt and the United Kingdom, and has exploration activities offshore Suriname. The company also operates gathering, processing and transmission assets in West Texas, and owns four pipelines from the Permian to the Gulf Coast.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)



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