Teachers Retirement System of The State of Kentucky grew its holdings in APA Corporation (NASDAQ:APA - Free Report) by 31.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,120 shares of the company's stock after acquiring an additional 104,068 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.12% of APA worth $9,082,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Natixis Advisors LLC grew its holdings in shares of APA by 13.6% in the 4th quarter. Natixis Advisors LLC now owns 115,104 shares of the company's stock worth $2,658,000 after purchasing an additional 13,770 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of APA in the 4th quarter worth about $1,005,000. Royal London Asset Management Ltd. grew its holdings in shares of APA by 53.2% in the 4th quarter. Royal London Asset Management Ltd. now owns 102,794 shares of the company's stock worth $2,374,000 after purchasing an additional 35,716 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in APA by 187.9% during the 4th quarter. iA Global Asset Management Inc. now owns 30,949 shares of the company's stock worth $715,000 after acquiring an additional 20,199 shares during the last quarter. Finally, HUB Investment Partners LLC grew its holdings in APA by 10.1% during the 4th quarter. HUB Investment Partners LLC now owns 12,842 shares of the company's stock worth $297,000 after acquiring an additional 1,183 shares during the last quarter. 83.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
APA has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of APA from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Royal Bank Of Canada reduced their price target on APA from $24.00 to $22.00 and set a "sector perform" rating on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price target on APA from $19.00 to $20.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Wells Fargo & Company reduced their target price on APA from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Susquehanna cut their target price on APA from $31.00 to $30.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, APA has an average rating of "Hold" and an average target price of $23.50.
Get Our Latest Report on APA
APA Price Performance
Shares of APA stock traded up $0.14 on Tuesday, hitting $18.74. The company had a trading volume of 5,845,096 shares, compared to its average volume of 7,260,323. The company has a market cap of $6.78 billion, a PE ratio of 6.74, a PEG ratio of 6.16 and a beta of 1.25. APA Corporation has a 52 week low of $13.58 and a 52 week high of $33.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day simple moving average of $18.65 and a 200-day simple moving average of $19.57.
APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. APA's revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. Research analysts expect 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. Shareholders of record on Tuesday, July 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, July 22nd. APA's dividend payout ratio is presently 35.97%.
APA Company Profile
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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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