APA Co. (NASDAQ:APA) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of APA Co. (NASDAQ:APA) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,886,087 shares of the company’s stock after purchasing an additional 894,574 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in APA were worth $297,540,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of APA. Hotchkis & Wiley Capital Management LLC raised its position in APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after acquiring an additional 3,411,270 shares in the last quarter. Harris Associates L P lifted its stake in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after purchasing an additional 4,293,932 shares during the last quarter. Smead Capital Management Inc. boosted its holdings in APA by 3.5% during the third quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock worth $236,466,000 after buying an additional 326,042 shares in the last quarter. Geode Capital Management LLC grew its position in APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock worth $226,928,000 after buying an additional 224,547 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of APA by 17.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock valued at $100,351,000 after acquiring an additional 600,612 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Insider Activity

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the purchase, the director now directly owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

APA has been the topic of a number of recent analyst reports. Barclays cut their target price on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, November 8th. Mizuho decreased their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Raymond James boosted their price target on shares of APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Truist Financial decreased their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, UBS Group reduced their target price on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, APA presently has an average rating of “Hold” and a consensus price target of $29.80.

APA Stock Down 0.2 %

APA stock opened at $18.54 on Thursday. The company has a market capitalization of $6.86 billion, a P/E ratio of 2.62 and a beta of 3.26. APA Co. has a 1-year low of $17.66 and a 1-year high of $36.04. The firm’s fifty day simple moving average is $22.80 and its 200-day simple moving average is $23.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Sell-side analysts forecast that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 5.39%. APA’s dividend payout ratio (DPR) is presently 44.25%.

APA 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.