Savant Capital LLC Buys 15,898 Shares of APA Corporation $APA

Savant Capital LLC boosted its stake in APA Corporation (NASDAQ:APA - Free Report) by 146.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,749 shares of the company's stock after buying an additional 15,898 shares during the quarter. Savant Capital LLC's holdings in APA were worth $489,000 at the end of the most recent quarter.

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A number of other large investors have also recently bought and sold shares of APA. Malaga Cove Capital LLC boosted its stake in shares of APA by 20.5% in the 2nd quarter. Malaga Cove Capital LLC now owns 68,927 shares of the company's stock valued at $1,261,000 after purchasing an additional 11,732 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in APA by 25.9% in the second quarter. Resona Asset Management Co. Ltd. now owns 4,230 shares of the company's stock valued at $79,000 after buying an additional 871 shares in the last quarter. Moors & Cabot Inc. grew its stake in APA by 10.1% during the second quarter. Moors & Cabot Inc. now owns 32,632 shares of the company's stock worth $597,000 after buying an additional 2,999 shares during the last quarter. Huntington National Bank grew its stake in APA by 31.7% during the second quarter. Huntington National Bank now owns 8,391 shares of the company's stock worth $153,000 after buying an additional 2,022 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of APA by 1.1% during the second quarter. South Dakota Investment Council now owns 860,575 shares of the company's stock worth $15,740,000 after buying an additional 9,300 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Price Performance

Shares of APA stock opened at $24.79 on Friday. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 6.28 and a beta of 1.12. APA Corporation has a 12 month low of $13.58 and a 12 month high of $25.83. 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 stock has a 50-day moving average price of $23.52 and a 200 day moving average price of $20.68.

APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.19. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The company's revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. Research analysts expect that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.0%. APA's payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wolfe Research boosted their target price on APA from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, October 20th. Roth Capital boosted their price objective on APA from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 15th. Weiss Ratings restated a "hold (c-)" rating on shares of APA in a research note on Tuesday. Stephens upped their price target on shares of APA from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 6th. Finally, BMO Capital Markets increased their price objective on shares of APA from $28.00 to $30.00 and gave the stock a "market perform" rating in a report on Monday, October 13th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.44.

Read Our Latest Research Report on APA

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.

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