APA Co. (NASDAQ:APA) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC trimmed its holdings in APA Co. (NASDAQ:APA) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,401 shares of the company’s stock after selling 1,780 shares during the quarter. Radnor Capital Management LLC’s holdings in APA were worth $1,175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC acquired a new stake in shares of APA in the first quarter valued at approximately $295,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of APA by 3,173.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,088 shares of the company’s stock worth $706,000 after purchasing an additional 16,566 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of APA during the first quarter worth approximately $145,000. Raymond James Trust N.A. purchased a new stake in shares of APA during the first quarter worth approximately $328,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of APA by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,362,836 shares of the company’s stock worth $56,324,000 after purchasing an additional 29,907 shares during the last quarter. 80.48% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

APA stock traded up $0.19 during trading on Friday, reaching $43.17. 1,273,709 shares of the company’s stock were exchanged, compared to its average volume of 5,387,246. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.29. APA Co. has a 1-year low of $30.67 and a 1-year high of $50.58. The company’s fifty day moving average price is $41.58 and its 200-day moving average price is $37.06. The firm has a market cap of $13.26 billion, a PE ratio of 9.20, a P/E/G ratio of 8.00 and a beta of 3.53.

APA (NASDAQ:APA) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.19. APA had a return on equity of 117.05% and a net margin of 16.14%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The firm’s quarterly revenue was down 41.2% on a year-over-year basis. On average, research analysts expect that APA Co. will post 4.42 EPS for the current fiscal year.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, October 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, October 20th. APA’s dividend payout ratio is presently 21.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler upped their price target on APA from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Wells Fargo & Company upped their price target on APA from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. StockNews.com began coverage on APA in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. Royal Bank of Canada increased their price objective on APA from $47.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 8th. Finally, Jefferies Financial Group increased their price objective on APA from $39.00 to $43.00 and gave the stock a “hold” rating in a research report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.43.

APA Profile

APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.