APA Co. (NASDAQ:APA) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its holdings in APA Co. (NASDAQ:APA – Free Report) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,141 shares of the company’s stock after buying an additional 20,460 shares during the quarter. Texas Permanent School Fund Corp’s holdings in APA were worth $2,385,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of APA. Cetera Advisor Networks LLC purchased a new stake in APA in the 1st quarter worth approximately $295,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in APA by 3,173.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,088 shares of the company’s stock worth $706,000 after purchasing an additional 16,566 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in APA in the 1st quarter worth approximately $145,000. Raymond James Trust N.A. purchased a new stake in APA in the 1st quarter worth approximately $328,000. Finally, Dimensional Fund Advisors LP boosted its position in APA by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,362,836 shares of the company’s stock worth $56,324,000 after purchasing an additional 29,907 shares in the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

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APA Stock Up 1.7 %

Shares of APA opened at $40.15 on Friday. APA Co. has a 52-week low of $30.15 and a 52-week high of $50.58. The company has a market capitalization of $12.39 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 8.37 and a beta of 3.49. The stock has a fifty day simple moving average of $34.86 and a two-hundred day simple moving average of $35.93. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.04.

APA (NASDAQ:APA – Get Free Report) last issued its earnings results on Thursday, May 4th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.21. APA had a return on equity of 158.38% and a net margin of 19.72%. The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $1.92 EPS. The company’s revenue for the quarter was down 47.0% on a year-over-year basis. As a group, equities analysts forecast that APA Co. will post 4.02 EPS for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Friday, July 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, July 20th. APA’s payout ratio is 16.26%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APA shares. Truist Financial lowered their price objective on APA from $69.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, July 24th. Bank of America decreased their target price on APA from $60.00 to $57.00 in a research report on Thursday, May 4th. Morgan Stanley decreased their target price on APA from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Raymond James decreased their target price on APA from $53.00 to $51.00 and set a “strong-buy” rating on the stock in a research report on Monday, July 24th. Finally, VNET Group reiterated a “maintains” rating on shares of APA in a research report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, APA has a consensus rating of “Moderate Buy” and an average price target of $46.12.

APA Company Profile

(Free Report)

APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.

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