APA Corporation (NASDAQ:APA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in APA Corporation (NASDAQ:APA - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,203 shares of the company's stock after selling 14,206 shares during the period. New York State Teachers Retirement System owned about 0.11% of APA worth $8,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. raised its stake 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 buying an additional 850,052 shares in the last quarter. Geode Capital Management LLC raised its stake in APA by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after buying an additional 200,770 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in APA by 33.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock valued at $142,823,000 after buying an additional 1,540,055 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 buying an additional 1,195,212 shares in the last quarter. Finally, Northern Trust Corp raised its stake in APA by 7.2% in the fourth quarter. Northern Trust Corp now owns 4,025,421 shares of the company's stock valued at $92,947,000 after buying an additional 269,865 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Performance

NASDAQ APA opened at $19.49 on Friday. APA Corporation has a 52-week low of $13.58 and a 52-week high of $33.41. The business's 50-day moving average price is $17.97 and its 200 day moving average price is $19.77. The firm has a market cap of $7.05 billion, a P/E ratio of 7.01, a P/E/G ratio of 6.18 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.81.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. APA had a return on equity of 23.22% and a net margin of 9.75%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the company earned $0.78 EPS. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. On average, equities research analysts expect that APA Corporation will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.13%. APA's payout ratio is 35.97%.

Analyst Upgrades and Downgrades

APA has been the topic of a number of analyst reports. Mizuho cut their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Susquehanna cut their target price on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Barclays cut their target price on APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada cut their target price on APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $24.72.

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.

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