Wellington Management Group LLP Has $2.48 Million Stock Holdings in APA Co. (NASDAQ:APA)

Wellington Management Group LLP reduced its position in shares of APA Co. (NASDAQ:APA - Free Report) by 47.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,214 shares of the company's stock after selling 96,817 shares during the period. Wellington Management Group LLP's holdings in APA were worth $2,476,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of APA. Invesco Ltd. grew its position in APA by 6.9% in the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock valued at $305,498,000 after purchasing an additional 850,052 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of APA by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock worth $297,540,000 after buying an additional 894,574 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of APA by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after acquiring an additional 200,770 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of APA by 33.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock valued at $142,823,000 after acquiring an additional 1,540,055 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of APA by 29.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock valued at $122,328,000 after acquiring an additional 1,195,212 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.13 during trading on Monday, reaching $18.63. 7,966,978 shares of the stock were exchanged, compared to its average volume of 7,000,738. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41. The stock has a 50-day moving average price of $16.57 and a 200-day moving average price of $20.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market cap of $6.74 billion, a PE ratio of 2.63 and a beta of 1.25.

APA (NASDAQ:APA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. APA had a net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. APA's quarterly revenue was up 35.1% on a year-over-year basis. Research analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.37%. APA's payout ratio is presently 35.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Piper Sandler reduced their price target on APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James reiterated an "outperform" rating and set a $25.00 price objective (up previously from $23.00) on shares of APA in a research note on Friday, May 30th. Barclays decreased their target price on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Argus upgraded shares of APA to a "hold" rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, APA has a consensus rating of "Hold" and an average price target of $25.21.

APA Company 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.