Woodstock Corp Purchases 24,692 Shares of APA Co. (NASDAQ:APA)

Woodstock Corp boosted its holdings in APA Co. (NASDAQ:APA - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 267,035 shares of the company's stock after acquiring an additional 24,692 shares during the quarter. Woodstock Corp owned 0.07% of APA worth $5,613,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Invesco Ltd. lifted its position in shares of APA by 6.9% during the 4th quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock worth $305,498,000 after buying an additional 850,052 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of APA by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock worth $297,540,000 after purchasing an additional 894,574 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of APA by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after purchasing an additional 200,770 shares during the last quarter. Dimensional Fund Advisors LP increased 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $122,328,000 after purchasing an additional 1,195,212 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

APA Stock Up 0.9%

Shares of NASDAQ:APA traded up $0.16 during trading on Thursday, reaching $18.08. 2,154,012 shares of the stock traded hands, compared to its average volume of 6,949,000. The stock has a 50-day moving average of $16.69 and a two-hundred day moving average of $20.23. APA Co. 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 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $6.54 billion, a P/E ratio of 2.55 and a beta of 1.18.

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 net margin of 24.36% and a return on equity of 27.86%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, sell-side analysts expect that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given 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 5.53%. APA's payout ratio is presently 35.97%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James restated an "outperform" rating and set a $25.00 price target (up previously from $23.00) on shares of APA in a research note on Friday, May 30th. 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 research note on Tuesday, April 22nd. Scotiabank decreased their price target on shares of APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Piper Sandler reduced their price objective on shares of APA from $22.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada reduced their price objective on shares of APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Four equities research 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.21.

APA Profile

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.