APA Corporation (NASDAQ:APA) Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in shares of APA Corporation (NASDAQ:APA - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,586,564 shares of the company's stock after buying an additional 54,204 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.44% of APA worth $33,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in APA. Invesco Ltd. lifted its stake in shares of APA by 6.9% during the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock valued at $305,498,000 after buying an additional 850,052 shares during the period. Geode Capital Management LLC increased its position in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after purchasing an additional 200,770 shares during the last quarter. Dimensional Fund Advisors LP increased its position in APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after purchasing an additional 1,540,055 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in APA by 29.1% during 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 worth $122,328,000 after purchasing an additional 1,195,212 shares during the last quarter. Finally, Northern Trust Corp increased its position in APA by 7.2% during the fourth quarter. Northern Trust Corp now owns 4,025,421 shares of the company's stock worth $92,947,000 after purchasing an additional 269,865 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.

Wall Street Analyst Weigh In

APA has been the subject of several analyst reports. Citigroup upped their target price on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Barclays set a $21.00 price objective on shares of APA and gave the company an "equal weight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price target on shares of APA from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Friday. Susquehanna dropped their price objective on shares of APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Finally, Argus raised shares of APA to a "hold" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.72.

APA Stock Performance

APA stock opened at $19.47 on Tuesday. The firm's 50 day simple moving average is $18.36 and its 200-day simple moving average is $19.71. The company has a market cap of $7.04 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 6.49 and a beta of 1.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The firm's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, equities research analysts predict that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio (DPR) is presently 35.97%.

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.

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