APA Co. (NASDAQ:APA) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in shares of APA Co. (NASDAQ:APA) by 51.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,652 shares of the company’s stock after acquiring an additional 18,301 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in APA were worth $1,577,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American National Bank increased its stake in APA by 208.5% in the 1st quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after purchasing an additional 490 shares in the last quarter. Covestor Ltd increased its position in shares of APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after buying an additional 470 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of APA in the fourth quarter valued at $39,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of APA in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on APA shares. Piper Sandler dropped their target price on shares of APA from $34.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Mizuho dropped their price objective on shares of APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. UBS Group reduced their target price on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday. Sanford C. Bernstein dropped their price target on APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $36.38.

APA Stock Performance

Shares of APA stock opened at $25.07 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 2.80 and a beta of 3.24. APA Co. has a one year low of $22.72 and a one year high of $43.58. The company has a 50 day moving average price of $28.29 and a 200 day moving average price of $30.09.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Sell-side analysts anticipate that APA Co. will post 4.34 EPS for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.99%. APA’s dividend payout ratio (DPR) is 11.19%.

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.