IFM Investors Pty Ltd Has $1.16 Million Stock Holdings in APA Corporation $APA

IFM Investors Pty Ltd cut its position in APA Corporation (NASDAQ:APA) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,245 shares of the company’s stock after selling 8,860 shares during the period. IFM Investors Pty Ltd’s holdings in APA were worth $1,161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of APA by 46.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock worth $190,876,000 after buying an additional 2,894,543 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of APA by 29.1% in 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 valued at $122,328,000 after buying an additional 1,195,212 shares in the last quarter. Nuveen LLC acquired a new position in shares of APA in the 1st quarter valued at approximately $22,533,000. Charles Schwab Investment Management Inc. increased its position in 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 purchasing an additional 1,046,893 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in APA by 2.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock worth $765,964,000 after purchasing an additional 1,029,961 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Down 0.6%

Shares of APA opened at $22.84 on Friday. The company has a market capitalization of $8.17 billion, a P/E ratio of 7.64, a P/E/G ratio of 6.58 and a beta of 1.29. APA Corporation has a 1-year low of $13.58 and a 1-year high of $27.48. The firm’s 50 day simple moving average is $20.56 and its 200 day simple moving average is $18.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. Sell-side analysts forecast that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Wednesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA’s payout ratio is currently 33.44%.

Analyst Upgrades and Downgrades

APA has been the topic of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $28.00 target price (up from $26.00) on shares of APA in a report on Wednesday. Barclays increased their target price on shares of APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Stephens began coverage on shares of APA in a report on Tuesday, August 5th. They set an “equal weight” rating and a $24.00 price objective on the stock. Citigroup upped their price objective on shares of APA from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Finally, Cfra Research upgraded shares of APA to a “hold” rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $23.83.

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.