Estate Counselors LLC bought a new stake in APA Corporation (NASDAQ:APA – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,887 shares of the company’s stock, valued at approximately $2,372,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in APA by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 16,376,952 shares of the company’s stock worth $695,099,000 after purchasing an additional 1,055,016 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in APA by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 14,710,034 shares of the company’s stock worth $359,807,000 after purchasing an additional 285,542 shares during the period. Morgan Stanley increased its position in APA by 21.8% during the 4th quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after purchasing an additional 1,864,900 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of APA by 76.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after buying an additional 3,117,032 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of APA by 1,726.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock worth $205,176,000 after buying an additional 4,569,779 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other APA news, VP Mark D. Maddox sold 9,800 shares of APA stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the sale, the vice president owned 66,810 shares in the company, valued at $2,675,072.40. The trade was a 12.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.
Wall Street Analysts Forecast Growth
APA Price Performance
APA stock opened at $34.74 on Tuesday. The stock’s 50 day moving average price is $35.45 and its 200 day moving average price is $34.06. The firm has a market cap of $12.28 billion, a P/E ratio of 8.10 and a beta of 0.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. APA Corporation has a 1 year low of $17.86 and a 1 year high of $45.66.
APA (NASDAQ:APA – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, sell-side analysts expect that APA Corporation will post 4.92 earnings per share for the current fiscal year.
APA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. APA’s payout ratio is currently 23.31%.
APA Profile
APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.
In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.
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