APA Corporation (NASDAQ:APA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in APA Corporation (NASDAQ:APA - Free Report) by 34.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 269,512 shares of the company's stock after purchasing an additional 68,725 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of APA worth $5,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 1,540,055 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of APA in the fourth quarter valued at approximately $30,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of APA in the fourth quarter valued at approximately $19,796,000. Finally, Invesco Ltd. lifted its position in shares of 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 acquiring an additional 850,052 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APA shares. Argus upgraded APA to a "hold" rating in a research report on Friday, May 16th. Scotiabank restated a "sector perform" rating and issued a $22.00 target price (up previously from $14.00) on shares of APA in a research report on Friday, July 11th. Citigroup lifted their price objective on APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. UBS Group reiterated a "neutral" rating and set a $19.00 price objective (up previously from $18.00) on shares of APA in a research report on Monday, July 14th. Finally, Barclays lifted their price objective on APA from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.50.

APA Trading Down 1.0%

Shares of NASDAQ APA traded down $0.20 during trading on Friday, reaching $19.10. The stock had a trading volume of 4,358,857 shares, compared to its average volume of 8,070,686. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. The business's 50-day moving average price is $18.72 and its 200-day moving average price is $19.49. The company has a market cap of $6.91 billion, a P/E ratio of 6.87, a PEG ratio of 6.27 and a beta of 1.25.

APA (NASDAQ:APA - Get Free Report) last issued 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 business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The company's revenue was up 35.1% on a year-over-year basis. On average, equities research analysts predict that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 5.24%. APA's payout ratio is 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.