AustralianSuper Pty Ltd increased its position in shares of APA Co. (NASDAQ:APA - Free Report) by 31.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,125,270 shares of the company's stock after purchasing an additional 269,855 shares during the quarter. AustralianSuper Pty Ltd owned 0.30% of APA worth $25,982,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in APA. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of APA by 12.6% in the 3rd 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 during the period. Harris Associates L P increased its holdings in shares of APA by 20.8% in the 3rd 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 period. Charles Schwab Investment Management Inc. boosted its stake in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock valued at $293,312,000 after buying an additional 485,291 shares during the period. Smead Capital Management Inc. raised its stake in shares of APA by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company's stock worth $236,466,000 after purchasing an additional 326,042 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company's stock valued at $226,928,000 after acquiring an additional 224,547 shares during the last quarter. Institutional investors own 83.01% of the company's stock.
APA Stock Up 0.1 %
Shares of APA traded up $0.03 on Wednesday, reaching $23.60. The stock had a trading volume of 6,844,580 shares, compared to its average volume of 6,490,506. APA Co. has a 12-month low of $20.32 and a 12-month high of $36.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $22.91 and a 200-day simple moving average of $24.30. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 3.33 and a beta of 3.15.
APA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid 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 4.24%. APA's dividend payout ratio is 14.12%.
Analyst Ratings Changes
APA has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of APA from $36.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 target price on shares of APA in a report on Thursday, January 23rd. Raymond James raised their price objective on shares of APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup decreased their price objective on shares of APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, November 26th. Finally, Piper Sandler lowered their price target on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.65.
Get Our Latest Report on APA
Insider Buying and Selling
In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.
APA Company Profile
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Free Report)
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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