iSAM Funds UK Ltd Invests $1.18 Million in APA Corporation $APA

iSAM Funds UK Ltd acquired a new stake in APA Corporation (NASDAQ:APA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,221 shares of the company’s stock, valued at approximately $1,175,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AXA S.A. boosted its holdings in APA by 73.7% in the 2nd quarter. AXA S.A. now owns 373,283 shares of the company’s stock valued at $6,827,000 after purchasing an additional 158,412 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of APA by 8.7% in the second quarter. Daiwa Securities Group Inc. now owns 24,729 shares of the company’s stock valued at $452,000 after buying an additional 1,985 shares during the period. California Public Employees Retirement System grew its position in APA by 6.0% during the second quarter. California Public Employees Retirement System now owns 625,141 shares of the company’s stock worth $11,434,000 after buying an additional 35,430 shares in the last quarter. Cerity Partners LLC increased its stake in APA by 30.5% during the second quarter. Cerity Partners LLC now owns 441,098 shares of the company’s stock valued at $8,068,000 after acquiring an additional 103,152 shares during the period. Finally, StoneX Group Inc. acquired a new position in APA in the 2nd quarter valued at approximately $307,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

Shares of APA stock opened at $26.39 on Wednesday. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 6.34, a P/E/G ratio of 7.00 and a beta of 0.75. The firm’s 50-day moving average price is $24.04 and its two-hundred day moving average price is $21.70. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62. APA Corporation has a 1-year low of $13.58 and a 1-year high of $27.72.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.74 by $0.19. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.APA’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. On average, equities analysts predict that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Stockholders of record on Thursday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, January 22nd. APA’s dividend payout ratio is presently 24.04%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APA. Weiss Ratings restated a “hold (c-)” rating on shares of APA in a research report on Monday. Wells Fargo & Company boosted their price target on shares of APA from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Friday, August 15th. Evercore ISI reduced their price objective on shares of APA from $21.00 to $16.00 in a report on Tuesday, November 4th. Morgan Stanley lifted their target price on shares of APA from $22.00 to $23.00 and gave the company an “underweight” rating in a research report on Thursday, November 20th. Finally, Roth Capital upped their target price on shares of APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.45.

APA Company 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.