Impact Partnership Wealth LLC Has $631,000 Stock Holdings in APA Corporation $APA

Impact Partnership Wealth LLC grew its holdings in APA Corporation (NASDAQ:APA) by 176.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,804 shares of the company’s stock after purchasing an additional 16,479 shares during the quarter. Impact Partnership Wealth LLC’s holdings in APA were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of APA by 13.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock valued at $340,657,000 after purchasing an additional 1,674,739 shares during the period. Northern Trust Corp increased its holdings in APA by 29.6% during the 3rd quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after purchasing an additional 1,018,326 shares in the last quarter. AQR Capital Management LLC increased its holdings in APA by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after purchasing an additional 1,869,891 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in APA by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after purchasing an additional 806,252 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of APA by 8.4% in the third quarter. Bank of America Corp DE now owns 2,498,208 shares of the company’s stock valued at $60,656,000 after acquiring an additional 193,580 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APA. Sanford C. Bernstein upped their target price on APA from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. UBS Group upped their target price on APA from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Raymond James Financial upped their target price on APA from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Tuesday, May 26th. Barclays upped their target price on APA from $35.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, BMO Capital Markets reduced their target price on APA from $47.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Eight analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.96.

Insider Buying and Selling at APA

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total transaction of $833,290.00. Following the completion of the transaction, the director directly owned 6,634 shares of the company’s stock, valued at approximately $240,349.82. This represents a 77.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark D. Maddox sold 9,800 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the transaction, the vice president directly owned 66,810 shares of the company’s stock, valued at approximately $2,675,072.40. This trade represents a 12.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.73% of the stock is currently owned by corporate insiders.

APA Price Performance

Shares of NASDAQ APA opened at $36.43 on Friday. The stock has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $31.12. APA Corporation has a 1-year low of $16.88 and a 1-year high of $45.66. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 8.49 and a beta of 0.38. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company earned $1.06 earnings per share. APA’s revenue was down 11.7% compared to the same quarter last year. Analysts anticipate that APA Corporation will post 5.18 earnings per share for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, July 22nd. APA’s dividend payout ratio is 23.31%.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.