Signaturefd LLC Buys 472 Shares of APA Co. (NASDAQ:APA)

Signaturefd LLC increased its stake in shares of APA Co. (NASDAQ:APA) by 7.1% during the 2nd quarter, Holdings Channel reports. The fund owned 7,108 shares of the company’s stock after acquiring an additional 472 shares during the period. Signaturefd LLC’s holdings in APA were worth $209,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. American National Bank raised its holdings in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after purchasing an additional 490 shares during the period. Principal Securities Inc. acquired a new position in APA during the 4th quarter worth approximately $39,000. Covestor Ltd raised its stake in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after buying an additional 470 shares during the period. Altshuler Shaham Ltd bought a new position in APA in the fourth quarter worth approximately $44,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after acquiring an additional 1,079 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Down 2.9 %

Shares of APA stock opened at $28.49 on Monday. The stock has a fifty day moving average price of $29.50 and a 200-day moving average price of $30.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $10.54 billion, a PE ratio of 3.19 and a beta of 3.26. APA Co. has a 1 year low of $26.81 and a 1 year high of $46.15.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Equities research analysts anticipate that APA Co. will post 4.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APA. Citigroup lowered their target price on APA from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Piper Sandler dropped their price objective on shares of APA from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of APA in a research report on Wednesday, July 10th. Bank of America reaffirmed an “underperform” rating and issued a $31.00 price target on shares of APA in a research report on Friday, June 14th. Finally, Wolfe Research initiated coverage on APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price objective for the company. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, APA presently has an average rating of “Hold” and a consensus target price of $38.05.

APA Company 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.