OLD National Bancorp IN Has $6.84 Million Stock Holdings in APA Corporation $APA

OLD National Bancorp IN boosted its holdings in shares of APA Corporation (NASDAQ:APA) by 23.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,843 shares of the company’s stock after acquiring an additional 71,312 shares during the quarter. OLD National Bancorp IN owned 0.10% of APA worth $6,838,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC increased its holdings in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after purchasing an additional 1,382 shares during the period. Rakuten Securities Inc. grew its position in shares of APA by 499.2% in the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock valued at $32,000 after buying an additional 1,288 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of APA by 144.9% in the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock valued at $34,000 after buying an additional 1,104 shares during the period. Toth Financial Advisory Corp bought a new position in shares of APA during the second quarter worth about $49,000. Finally, SVB Wealth LLC acquired a new position in shares of APA in the first quarter worth approximately $55,000. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA opened at $24.54 on Monday. APA Corporation has a one year low of $13.58 and a one year high of $27.48. The company has a market cap of $8.78 billion, a PE ratio of 8.21, a P/E/G ratio of 6.99 and a beta of 1.16. The stock has a 50-day moving average of $22.01 and a 200-day moving average of $19.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.42. APA had a return on equity of 20.98% and a net margin of 10.53%.The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, equities research analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.1%. APA’s dividend payout ratio (DPR) is presently 33.44%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APA. Barclays increased their target price on shares of APA from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Scotiabank reaffirmed a “sector perform” rating and set a $22.00 price target (up previously from $14.00) on shares of APA in a research report on Friday, July 11th. Wells Fargo & Company increased their price target on APA from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, August 15th. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price objective (up from $26.00) on shares of APA in a research note on Wednesday, September 10th. Finally, Royal Bank Of Canada decreased their target price on APA from $24.00 to $22.00 and set a “sector perform” rating for the company in a research note on Monday, July 14th. Three analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.24.

APA 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.