APA Corporation (NASDAQ:APA) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its stake in shares of APA Corporation (NASDAQ:APA - Free Report) by 101.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,201 shares of the company's stock after purchasing an additional 24,286 shares during the period. Illinois Municipal Retirement Fund's holdings in APA were worth $1,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APA. Brown Brothers Harriman & Co. lifted its stake in shares of APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 1,077 shares during the period. Golden State Wealth Management LLC raised its holdings in APA by 2,709.8% in the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock valued at $30,000 after acquiring an additional 1,382 shares during the last quarter. Rakuten Securities Inc. lifted its stake in shares of APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after purchasing an additional 1,288 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in shares of APA during the 4th quarter worth $35,000. Finally, Siemens Fonds Invest GmbH acquired a new stake in shares of APA during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 83.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada dropped their target price on APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler cut their price objective on APA from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Raymond James Financial reiterated an "outperform" rating and set a $25.00 target price (up previously from $23.00) on shares of APA in a report on Friday, May 30th. Citigroup raised their price target on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Barclays reduced their price target on shares of APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $24.72.

APA Stock Performance

Shares of NASDAQ:APA traded down $0.01 during trading on Friday, hitting $19.49. 3,506,141 shares of the company traded hands, compared to its average volume of 7,204,349. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The business's fifty day moving average is $17.90 and its 200-day moving average is $19.78. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 6.16 and a beta of 1.25. APA Corporation has a one year low of $13.58 and a one year high of $33.41.

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

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.13%. APA's dividend payout ratio (DPR) is presently 35.97%.

About APA

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.