APA Co. (NASDAQ:APA) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 57.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,733 shares of the company's stock after acquiring an additional 31,901 shares during the quarter. Gotham Asset Management LLC's holdings in APA were worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of APA by 6.9% during the fourth quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock valued at $305,498,000 after purchasing an additional 850,052 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of APA by 7.5% in 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 period. Geode Capital Management LLC grew its position 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 valued at $219,016,000 after acquiring an additional 200,770 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of APA by 33.1% in 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. Finally, Bank of New York Mellon Corp increased its stake in shares of APA by 29.4% in the 4th quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock worth $94,500,000 after purchasing an additional 929,770 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Price Performance

APA stock traded down $0.27 during midday trading on Monday, reaching $17.32. The company had a trading volume of 4,781,203 shares, compared to its average volume of 6,999,339. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.41. The firm's fifty day simple moving average is $17.51 and its 200-day simple moving average is $20.69. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $6.26 billion, a P/E ratio of 2.45 and a beta of 1.18.

APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the company posted $0.78 EPS. The business's revenue was up 35.1% on a year-over-year basis. As a group, equities analysts anticipate that APA Co. will post 4.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their price target on APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Barclays lowered 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. The Goldman Sachs Group reiterated a "sell" rating and issued a $23.00 target price on shares of APA in a report on Wednesday, March 19th. Mizuho cut their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $25.53.

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.