Natixis Advisors LLC Has $2.64 Million Stock Holdings in APA Corporation $APA

Natixis Advisors LLC cut its holdings in APA Corporation (NASDAQ:APA) by 40.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 107,861 shares of the company’s stock after selling 73,428 shares during the quarter. Natixis Advisors LLC’s holdings in APA were worth $2,638,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in APA in the fourth quarter valued at approximately $37,000. Community Bank N.A. acquired a new stake in shares of APA in the third quarter worth $43,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of APA in the fourth quarter worth $47,000. Virtus Advisers LLC acquired a new stake in shares of APA in the third quarter worth $57,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of APA in the fourth quarter worth $64,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APA shares. Barclays boosted their price objective on shares of APA from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Jefferies Financial Group boosted their price objective on shares of APA from $26.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada boosted their price objective on shares of APA from $29.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 8th. Truist Financial boosted their price objective on shares of APA from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of APA from $31.00 to $34.00 and gave the stock a “sell” rating in a research note on Tuesday, May 19th. Eight analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.96.

APA Price Performance

NASDAQ:APA opened at $36.61 on Wednesday. The stock has a market cap of $12.94 billion, a P/E ratio of 8.53 and a beta of 0.33. APA Corporation has a one year low of $17.74 and a one year high of $45.66. The company has a fifty day moving average price of $38.63 and a 200 day moving average price of $31.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.92.

APA (NASDAQ:APA) last released its earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.11 by $0.27. The firm had revenue of $2.33 billion during 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 quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. Analysts anticipate that APA Corporation will post 5.5 earnings per share for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 22nd. APA’s payout ratio is 23.31%.

Insider Buying and Selling at APA

In other APA news, VP Mark D. Maddox sold 9,800 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the sale, the vice president owned 66,810 shares of the company’s stock, valued at $2,675,072.40. The trade was a 12.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the completion of the sale, the director directly owned 6,634 shares in the company, valued at $240,349.82. This trade represents a 77.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.73% of the company’s stock.

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.