Harbor Capital Advisors Inc. grew its holdings in APA Co. (NASDAQ:APA - Free Report) by 318.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,365 shares of the company's stock after buying an additional 102,978 shares during the period. Harbor Capital Advisors Inc.'s holdings in APA were worth $2,845,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 1,540,055 shares during the last quarter. Freestone Grove Partners LP purchased a new position in APA during the fourth quarter worth approximately $30,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of APA by 29.1% in 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 acquiring an additional 1,195,212 shares during the period. Bank of New York Mellon Corp grew its holdings in APA by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock valued at $94,500,000 after purchasing an additional 929,770 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in APA by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after purchasing an additional 894,574 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.
APA Trading Up 5.3%
Shares of APA stock traded up $1.06 during trading on Friday, hitting $21.01. The stock had a trading volume of 13,064,037 shares, compared to its average volume of 7,072,286. The firm's fifty day simple moving average is $16.88 and its 200-day simple moving average is $20.06. The stock has a market cap of $7.60 billion, a PE ratio of 2.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 12 month low of $13.58 and a 12 month high of $33.41.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.83 by $0.23. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The business's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. As a group, sell-side analysts expect that APA Co. will post 4.03 EPS for the current fiscal year.
APA Announces Dividend
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 given a $0.25 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.76%. APA's dividend payout ratio (DPR) is 35.97%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on APA shares. Susquehanna decreased their price target on shares of APA from $31.00 to $30.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Scotiabank lowered their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Barclays reduced their target price on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Piper Sandler reduced their price target on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Raymond James reiterated an "outperform" rating and set a $25.00 target price (up from $23.00) on shares of APA in a research report on Friday, May 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, APA currently has an average rating of "Hold" and an average target price of $24.89.
View Our Latest Stock Report on APA
About APA
(
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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