Charles Schwab Investment Management Inc. Buys 88,061 Shares of APA Co. (NASDAQ:APA)

Charles Schwab Investment Management Inc. increased its holdings in APA Co. (NASDAQ:APA - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,619,374 shares of the company's stock after buying an additional 88,061 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of APA worth $93,983,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in shares of APA in the fourth quarter worth $213,000. Private Advisor Group LLC boosted its position in APA by 173.0% during the fourth quarter. Private Advisor Group LLC now owns 16,871 shares of the company's stock worth $605,000 after acquiring an additional 10,692 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in shares of APA during the 4th quarter worth $874,000. Gallacher Capital Management LLC boosted its holdings in shares of APA by 11.2% during the fourth quarter. Gallacher Capital Management LLC now owns 14,875 shares of the company's stock worth $534,000 after purchasing an additional 1,495 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of APA by 63.7% in the fourth quarter. National Bank of Canada FI now owns 107,466 shares of the company's stock valued at $3,881,000 after purchasing an additional 41,820 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

Shares of NASDAQ APA traded down $0.18 during midday trading on Monday, reaching $30.20. 3,968,743 shares of the company traded hands, compared to its average volume of 6,792,200. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 3.38 and a beta of 3.29. The stock has a 50-day moving average price of $32.57 and a 200 day moving average price of $33.53. APA Co. has a 52 week low of $28.90 and a 52 week high of $46.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.16.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12). APA had a return on equity of 45.32% and a net margin of 34.04%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. Sell-side analysts anticipate that APA Co. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James dropped their price objective on shares of APA from $44.00 to $43.00 and set a "strong-buy" rating for the company in a research note on Wednesday, January 24th. Piper Sandler upped their price objective on APA from $33.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, April 19th. Roth Mkm lifted their target price on APA from $37.00 to $39.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Susquehanna raised their price target on shares of APA from $54.00 to $57.00 and gave the company a "positive" rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price objective on shares of APA in a research note on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, APA currently has an average rating of "Hold" and an average price target of $42.30.

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.