APA Co. (NASDAQ:APA) Shares Bought by Foundation Resource Management Inc.

Foundation Resource Management Inc. raised its stake in shares of APA Co. (NASDAQ:APA) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,435 shares of the company’s stock after purchasing an additional 2,116 shares during the quarter. Foundation Resource Management Inc.’s holdings in APA were worth $3,704,000 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 APA. Vanguard Group Inc. lifted its holdings in shares of APA by 4.7% during the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after purchasing an additional 2,004,555 shares during the period. Wealthquest Corp raised its position in APA by 21.7% during the 4th quarter. Wealthquest Corp now owns 154,200 shares of the company’s stock worth $5,533,000 after buying an additional 27,513 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of APA by 18.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company’s stock valued at $1,673,000 after acquiring an additional 7,580 shares during the last quarter. Ellis Investment Partners LLC purchased a new stake in shares of APA in the 2nd quarter valued at $2,499,000. Finally, AQR Capital Management LLC increased its stake in shares of APA by 112.6% in the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after acquiring an additional 767,557 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on APA shares. JPMorgan Chase & Co. decreased their target price on shares of APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Wolfe Research initiated coverage on APA in a research note on Thursday, July 18th. They issued an “outperform” rating and a $42.00 target price on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $41.00 target price on shares of APA in a report on Tuesday, September 17th. The Goldman Sachs Group decreased their price target on APA from $30.00 to $26.00 and set a “sell” rating for the company in a report on Monday, October 7th. Finally, Evercore ISI dropped their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $34.90.

APA Trading Up 0.8 %

Shares of APA stock opened at $27.07 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a twelve month low of $22.72 and a twelve month high of $43.58. The firm has a market capitalization of $10.01 billion, a PE ratio of 2.95 and a beta of 3.23. The firm’s 50-day moving average price is $26.67 and its 200 day moving average price is $29.41.

APA (NASDAQ:APA) last released its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. On average, sell-side analysts predict that APA Co. will post 3.97 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.69%. APA’s dividend payout ratio (DPR) is presently 10.91%.

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.