Vinva Investment Management Ltd Makes New $130,000 Investment in APA Corporation $APA

Vinva Investment Management Ltd acquired a new stake in shares of APA Corporation (NASDAQ:APA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,084 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors have also recently modified their holdings of APA. TD Private Client Wealth LLC boosted its stake in APA by 144.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after purchasing an additional 1,104 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of APA by 6,096.7% in the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock worth $34,000 after acquiring an additional 1,829 shares during the period. MAI Capital Management increased its position in APA by 76.5% during the second quarter. MAI Capital Management now owns 2,134 shares of the company’s stock valued at $39,000 after acquiring an additional 925 shares during the last quarter. Whittier Trust Co. lifted its holdings in APA by 214.3% in the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after acquiring an additional 1,500 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in APA by 1,731.8% in the second quarter. Hantz Financial Services Inc. now owns 2,363 shares of the company’s stock worth $43,000 after purchasing an additional 2,234 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Performance

APA stock opened at $25.10 on Friday. The company’s 50-day moving average price is $23.75 and its 200-day moving average price is $21.23. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market cap of $8.90 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 6.28 and a beta of 1.12. APA Corporation has a twelve month low of $13.58 and a twelve month high of $25.83.

APA (NASDAQ:APA) last released its quarterly 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. APA had a return on equity of 20.98% and a net margin of 10.53%.The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis. On average, equities research analysts forecast that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. APA’s dividend payout ratio is currently 24.04%.

Analysts Set New Price Targets

APA has been the topic of a number of research reports. Cowen reissued a “hold” rating on shares of APA in a report on Thursday, August 7th. Citigroup lifted their price target on shares of APA from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna boosted their price objective on shares of APA from $30.00 to $32.00 and gave the company a “positive” rating in a research report on Wednesday, November 12th. Capital One Financial raised their target price on APA from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Finally, Piper Sandler boosted their price target on APA from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Five 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.90.

About APA

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.