106,321 Shares in APA Corporation $APA Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new position in APA Corporation (NASDAQ:APA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 106,321 shares of the company’s stock, valued at approximately $3,463,000.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its position in APA by 85.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company’s stock worth $1,976,000 after buying an additional 37,180 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in APA by 20.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company’s stock valued at $4,723,000 after acquiring an additional 32,357 shares in the last quarter. Prudential PLC lifted its position in shares of APA by 753.2% during the 4th quarter. Prudential PLC now owns 136,744 shares of the company’s stock valued at $3,345,000 after acquiring an additional 120,717 shares during the period. Hoertkorn Richard Charles acquired a new stake in shares of APA during the 1st quarter worth $2,429,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of APA during the 4th quarter worth $19,968,000. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ:APA opened at $42.54 on Friday. APA Corporation has a one year low of $21.57 and a one year high of $45.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $14.90 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.77 and a beta of 0.35. The firm has a 50 day simple moving average of $36.80 and a 200 day simple moving average of $36.33.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same period in the previous year, the firm posted $0.87 EPS. Research analysts predict that APA Corporation will post 5.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on APA shares. JPMorgan Chase & Co. boosted their price target on APA from $38.00 to $41.00 in a research note on Friday, May 8th. Weiss Ratings upgraded shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company upped their price target on shares of APA from $39.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. BMO Capital Markets reduced their price target on shares of APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. Finally, Morgan Stanley lowered their price objective on shares of APA from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, June 26th. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.50.

About APA

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.