APA Co. (NASDAQ:APA) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in APA Co. (NASDAQ:APA - Free Report) by 33.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,186,244 shares of the company's stock after purchasing an additional 1,540,055 shares during the period. Dimensional Fund Advisors LP owned 1.67% of APA worth $142,823,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock valued at $1,780,000 after acquiring an additional 469 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after buying an additional 544 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in shares of APA by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock valued at $1,269,000 after buying an additional 571 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after buying an additional 586 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in APA by 5.8% during the fourth quarter. V Square Quantitative Management LLC now owns 10,762 shares of the company's stock worth $248,000 after acquiring an additional 589 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APA shares. Royal Bank of Canada lowered their price target on shares of APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Piper Sandler lowered their target price on shares of APA from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Citigroup reduced their price target on shares of APA from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Scotiabank cut their price target on APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $25.79.

APA Trading Up 3.1 %

Shares of APA traded up $0.49 during trading hours on Thursday, hitting $16.03. The stock had a trading volume of 3,270,704 shares, compared to its average volume of 6,843,762. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.41. The firm has a market cap of $5.80 billion, a P/E ratio of 2.28 and a beta of 2.74. 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's fifty day simple moving average is $18.27 and its 200 day simple moving average is $21.39.

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

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.24%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is 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.