Swiss National Bank Sells 21,400 Shares of APA Corporation $APA

Swiss National Bank trimmed its position in shares of APA Corporation (NASDAQ:APA) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 695,562 shares of the company’s stock after selling 21,400 shares during the quarter. Swiss National Bank owned 0.19% of APA worth $12,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of APA by 46.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock valued at $190,876,000 after purchasing an additional 2,894,543 shares in the last quarter. Nuveen LLC bought a new position in shares of APA during the 1st quarter worth approximately $22,533,000. Charles Schwab Investment Management Inc. lifted its position in shares of APA by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company’s stock worth $292,871,000 after buying an additional 1,046,893 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of APA by 2.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock worth $765,964,000 after buying an additional 1,029,961 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of APA in the first quarter valued at approximately $17,129,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APA has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on APA from $28.00 to $30.00 and gave the stock a “market perform” rating in a report on Monday, October 13th. The Goldman Sachs Group raised their target price on APA from $19.00 to $21.00 and gave the company a “sell” rating in a research report on Thursday, November 20th. Cfra Research raised shares of APA to a “hold” rating in a report on Friday, August 8th. Barclays increased their price target on shares of APA from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 19th. Finally, UBS Group raised their price objective on shares of APA from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.90.

APA Stock Up 2.5%

APA stock opened at $24.67 on Friday. The stock has a fifty day moving average of $23.72 and a 200-day moving average of $21.16. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $25.83. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 6.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.The firm’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. As a group, equities research analysts predict that APA Corporation will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Wednesday, October 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.1%. APA’s payout ratio is 24.04%.

APA Company 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.