Fmr LLC Sells 337,847 Shares of APA Co. (NASDAQ:APA)

FMR LLC lowered its position in APA Co. (NASDAQ:APA - Free Report) by 26.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 923,522 shares of the company's stock after selling 337,847 shares during the period. FMR LLC owned 0.25% of APA worth $22,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APA. Dimensional Fund Advisors LP raised its stake in shares of APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company's stock worth $141,704,000 after purchasing an additional 2,736,041 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of APA by 3,450.8% in the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company's stock worth $24,115,000 after purchasing an additional 958,141 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of APA by 112.6% in the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company's stock worth $42,092,000 after purchasing an additional 767,557 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of APA by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after purchasing an additional 485,291 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of APA by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company's stock worth $98,865,000 after purchasing an additional 455,312 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

APA Stock Performance

Shares of APA stock traded up $0.01 during trading hours on Tuesday, reaching $22.26. The company had a trading volume of 4,628,278 shares, compared to its average volume of 6,277,886. APA Co. has a one year low of $20.95 and a one year high of $37.82. The business has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $26.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $8.24 billion, a PE ratio of 3.14 and a beta of 3.19.

Analysts Set New Price Targets

APA has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on APA from $26.00 to $25.00 in a research note on Friday, October 18th. Piper Sandler decreased their price target on APA from $28.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Susquehanna decreased their price target on APA from $52.00 to $48.00 and set a "positive" rating for the company in a research report on Friday, October 18th. Bernstein Bank decreased their price target on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, Truist Financial decreased their price target on APA from $36.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $32.52.

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.