Caxton Associates LLP Purchases Shares of 70,477 APA Corporation $APA

Caxton Associates LLP bought a new position in shares of APA Corporation (NASDAQ:APA) in the 2nd quarter, Holdings Channel.com reports. The firm bought 70,477 shares of the company’s stock, valued at approximately $1,289,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APA. TD Private Client Wealth LLC boosted its stake in APA by 144.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after purchasing an additional 1,104 shares during the period. CVA Family Office LLC boosted its position in shares of APA by 6,096.7% during the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after acquiring an additional 1,829 shares during the last quarter. MAI Capital Management grew its stake in APA by 76.5% during the second quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after acquiring an additional 925 shares in the last quarter. Whittier Trust Co. grew its stake in APA by 214.3% during the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in APA by 1,731.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock worth $43,000 after purchasing an additional 2,234 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APA shares. The Goldman Sachs Group raised their price objective on APA from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Thursday, November 20th. Johnson Rice upgraded APA from a “hold” rating to an “accumulate” rating and raised their price target for the company from $35.00 to $40.00 in a report on Thursday, December 4th. Stephens lifted their price objective on APA from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of APA in a research report on Monday, December 8th. Finally, Susquehanna boosted their price target on shares of APA from $30.00 to $32.00 and gave the stock a “positive” rating in a research report on Wednesday, November 12th. Six research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.73.

APA Stock Performance

Shares of NASDAQ:APA opened at $25.27 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. APA Corporation has a 1 year low of $13.58 and a 1 year high of $27.72. The firm has a market capitalization of $8.96 billion, a PE ratio of 6.07, a P/E/G ratio of 6.99 and a beta of 0.75. The business’s 50 day moving average price is $24.14 and its 200-day moving average price is $21.95.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. APA had a return on equity of 19.86% and a net margin of 15.49%.The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, equities research analysts expect that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Thursday, January 22nd will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.0%. APA’s dividend payout ratio is presently 24.04%.

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.