19,956 Shares in APA Corporation $APA Bought by Cynosure Group LLC

Cynosure Group LLC purchased a new position in APA Corporation (NASDAQ:APA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,956 shares of the company’s stock, valued at approximately $488,000.

Several other large investors also recently bought and sold shares of APA. Goldman Sachs Group Inc. increased its position in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after purchasing an additional 3,117,032 shares during the last quarter. AQR Capital Management LLC increased its position in APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after purchasing an additional 1,869,891 shares during the last quarter. Morgan Stanley increased its position in APA by 21.8% in the fourth quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after purchasing an additional 1,864,900 shares during the last quarter. Dimensional Fund Advisors LP increased its position in APA by 13.6% in the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after purchasing an additional 1,674,739 shares during the last quarter. Finally, Northern Trust Corp increased its position in APA by 29.6% during the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock valued at $108,349,000 after acquiring an additional 1,018,326 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Insider Activity at APA

In other news, VP Mark D. Maddox sold 9,800 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the transaction, the vice president directly owned 66,810 shares in the company, valued at approximately $2,675,072.40. This represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of APA from $31.00 to $34.00 and gave the company a “sell” rating in a research report on Tuesday, May 19th. Jefferies Financial Group boosted their price objective on shares of APA from $26.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 13th. Stephens boosted their price objective on shares of APA from $43.00 to $47.00 in a research report on Wednesday, June 10th. Capital One Financial boosted their price objective on shares of APA from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, Benchmark boosted their price objective on shares of APA from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.04.

APA Trading Down 1.5%

NASDAQ APA opened at $34.26 on Wednesday. The company’s 50-day moving average price is $38.02 and its 200-day moving average price is $32.24. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. The stock has a market cap of $12.11 billion, a PE ratio of 7.99 and a beta of 0.33. APA Corporation has a 12 month low of $17.74 and a 12 month high of $45.66.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.13 billion. APA had a net margin of 17.38% and a return on equity of 20.70%. The business’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. Equities research analysts forecast that APA Corporation will post 5.59 earnings per share for the current year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. APA’s dividend payout ratio is presently 23.31%.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.