APA Co. (NASDAQ:APA) Shares Bought by Truist Financial Corp

Truist Financial Corp grew its stake in APA Co. (NASDAQ:APA) by 44.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,710 shares of the company’s stock after buying an additional 11,827 shares during the quarter. Truist Financial Corp’s holdings in APA were worth $1,140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after buying an additional 2,004,555 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of APA by 18.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company’s stock valued at $1,673,000 after buying an additional 7,580 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of APA in the 2nd quarter valued at about $2,499,000. AQR Capital Management LLC lifted its stake in APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after purchasing an additional 767,557 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in APA by 50.2% during the second quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock worth $29,002,000 after purchasing an additional 329,462 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.8 %

NASDAQ:APA opened at $27.07 on Monday. The stock has a fifty day moving average price of $26.67 and a two-hundred day moving average price of $29.36. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 3.03 and a beta of 3.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. APA Co. has a 1 year low of $22.72 and a 1 year high of $43.58.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.22. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. APA’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. As a group, sell-side analysts anticipate that APA Co. will post 3.97 earnings per share for the current fiscal year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.69%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 11.19%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APA shares. JPMorgan Chase & Co. decreased their target price on APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. The Goldman Sachs Group decreased their target price on APA from $30.00 to $26.00 and set a “sell” rating for the company in a research note on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 target price on shares of APA in a research note on Tuesday, September 17th. Sanford C. Bernstein decreased their target price on APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, Wolfe Research initiated coverage on APA in a research report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target on the stock. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.90.

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.