On April 17, 2023 at 14:35:02 ET an unusually large
$121.12K block of Call contracts in Apache
(APA) was sold,
with a strike price of $42.50 / share, expiring in 32 day(s) (on May 19, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.04 sigmas above the mean, placing it in the 77.80th percentile of all recent large trades made in APA options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1455 funds or institutions reporting positions in Apache.
This is an increase
of
65
owner(s) or 4.68% in the last quarter.
Average portfolio weight of all funds dedicated to APA is 0.31%,
an increase
of 24.04%.
Total shares owned by institutions decreased
in the last three months by 5.12% to 287,455K shares.
The put/call ratio of APA is 0.81, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 22.26% Upside
As of April 7, 2023,
the average one-year price target for Apache is $49.86.
The forecasts range from a low of $33.33 to a high of $67.20.
The average price target represents an increase of 22.26% from its latest reported closing price of $40.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Apache
is $9,769MM, a decrease of 10.87%.
The projected annual non-GAAP EPS
is $9.61.
What are Other Shareholders Doing?
Ubs Oconnor
holds 177K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 40K shares, representing
an increase
of 77.43%.
The firm
increased
its portfolio allocation in APA by 840.29% over the last quarter.
Nvwm
holds 20K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 20K shares, representing
a decrease
of 0.88%.
The firm
increased
its portfolio allocation in APA by 23.88% over the last quarter.
DFAU – Dimensional US Core Equity Market ETF
holds 29K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 24K shares, representing
an increase
of 16.53%.
The firm
decreased
its portfolio allocation in APA by 2.06% over the last quarter.
Css
holds 53K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 73K shares, representing
a decrease
of 38.59%.
The firm
increased
its portfolio allocation in APA by 18.58% over the last quarter.
NEFOX – Natixis Oakmark Fund
holds 175K shares
representing 0.06% ownership of the company.
In it’s prior filing, the firm reported owning 259K shares, representing
a decrease
of 47.64%.
The firm
decreased
its portfolio allocation in APA by 1.52% over the last quarter.
Apache Declares $0.25 Dividend
On February 3, 2023 the company declared a regular
quarterly dividend of $0.25 per share ($1.00 annualized).
Shareholders of record as of April 21, 2023
will receive the payment on May 22, 2023.
Previously, the company paid $0.25 per share.
At the current share price of $40.78 / share,
the stock’s dividend yield is 2.45%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.95%,
the lowest has been 0.36%,
and the highest has been 5.12%.
The standard deviation of yields is 1.22 (n=235).
The current dividend yield is
0.41 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.08.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 9.00%,
demonstrating that it has increased its dividend over time.
APA Background Information
(This description is provided by the company.)
APA Corporation, through its consolidated subsidiaries, explores for and produces oil and gas with operations in the United States, Egypt and the United Kingdom and exploration activities offshore Suriname.
See all Apache regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
