Inspire Investing LLC Has $286,000 Stock Holdings in APA Co. (NASDAQ:APA)

Inspire Investing LLC cut its stake in shares of APA Co. (NASDAQ:APA) by 30.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,676 shares of the company’s stock after selling 5,115 shares during the quarter. Inspire Investing LLC’s holdings in APA were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after acquiring an additional 2,004,555 shares in the last quarter. Dimensional Fund Advisors LP raised its position in APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after purchasing an additional 2,736,041 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of APA by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock valued at $98,865,000 after purchasing an additional 455,312 shares in the last quarter. LSV Asset Management grew its holdings in shares of APA by 4.9% during the second quarter. LSV Asset Management now owns 2,757,900 shares of the company’s stock worth $81,193,000 after purchasing an additional 129,841 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of APA by 1.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 1,451,439 shares of the company’s stock valued at $42,730,000 after buying an additional 16,287 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Stock Up 1.0 %

Shares of NASDAQ:APA opened at $25.16 on Friday. APA Co. has a 52-week low of $22.72 and a 52-week high of $43.58. The business’s 50 day simple moving average is $26.43 and its two-hundred day simple moving average is $29.11. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $9.34 billion, a P/E ratio of 2.81 and a beta of 3.23.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm’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 EPS. As a group, research analysts forecast that APA Co. will post 3.97 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s payout ratio is currently 11.19%.

Wall Street Analyst Weigh In

APA has been the topic of several recent research reports. Susquehanna cut their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of APA in a report on Tuesday, September 17th. Scotiabank decreased their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price target on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus price target of $34.18.

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.