Semanteon Capital Management LP Invests $572,000 in APA Corporation $APA

Semanteon Capital Management LP purchased a new position in APA Corporation (NASDAQ:APA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,538 shares of the company’s stock, valued at approximately $572,000. APA makes up 0.7% of Semanteon Capital Management LP’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of APA by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock worth $700,000 after buying an additional 2,070 shares in the last quarter. NewEdge Advisors LLC raised its holdings in APA by 49.6% in the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock worth $227,000 after acquiring an additional 3,578 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in APA by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after acquiring an additional 806,252 shares during the last quarter. Focus Partners Wealth lifted its position in APA by 10.6% in the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock valued at $942,000 after acquiring an additional 4,297 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in APA by 39.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 23,426 shares of the company’s stock valued at $435,000 after purchasing an additional 6,604 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APA has been the subject of several recent analyst reports. Raymond James Financial restated an “outperform” rating and issued a $31.00 price target on shares of APA in a research note on Monday, November 24th. Zacks Research lowered APA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. TD Cowen upgraded shares of APA to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group raised their price target on shares of APA from $21.00 to $22.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, Mizuho boosted their price objective on shares of APA from $20.00 to $22.00 and gave the company an “underperform” rating in a report on Friday, December 12th. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.39.

APA Trading Down 0.1%

Shares of NASDAQ:APA opened at $29.06 on Friday. The stock’s 50-day simple moving average is $25.82 and its two-hundred day simple moving average is $24.23. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 13.28 and a beta of 0.74. APA Corporation has a 52-week low of $13.58 and a 52-week high of $30.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is currently 24.04%.

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.