Deutsche Bank AG cut its holdings in shares of APA Corporation (NASDAQ:APA - Free Report) by 26.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,360,497 shares of the company's stock after selling 487,973 shares during the quarter. Deutsche Bank AG owned 0.38% of APA worth $28,598,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of APA by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company's stock worth $292,871,000 after acquiring an additional 1,046,893 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of APA by 33.1% during the 4th 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of APA by 29.1% during the 4th 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 during the last quarter. Northern Trust Corp lifted its holdings in shares of APA by 7.2% during the 4th 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 during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of APA by 32.2% in the 4th quarter. First Trust Advisors LP now owns 2,166,968 shares of the company's stock valued at $50,035,000 after buying an additional 528,159 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Stock Performance
NASDAQ:APA traded down $0.07 during trading hours on Thursday, hitting $20.49. 6,147,391 shares of the company traded hands, compared to its average volume of 7,470,860. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. APA Corporation has a twelve month low of $13.58 and a twelve month high of $29.88. The firm has a 50-day moving average of $19.36 and a 200 day moving average of $19.02. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 6.24 and a beta of 1.23.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.42. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.03 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm's revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts forecast that APA Corporation will post 4.03 EPS for the current year.
APA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 4.9%. APA's dividend payout ratio is 33.44%.
Analyst Ratings Changes
Several brokerages recently weighed in on APA. JPMorgan Chase & Co. raised their price objective on shares of APA from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Barclays raised their price target on shares of APA from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 8th. Argus upgraded shares of APA to a "hold" rating in a report on Friday, May 16th. Raymond James Financial restated an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of APA in a report on Tuesday, July 22nd. Finally, Morgan Stanley upped their price target on APA from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $23.56.
Check Out Our Latest Analysis on APA
APA Profile
(
Free Report)
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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