Dimensional Fund Advisors LP Has $141.70 Million Stock Holdings in APA Co. (NASDAQ:APA)

Dimensional Fund Advisors LP grew its position in APA Co. (NASDAQ:APA) by 131.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,813,655 shares of the company’s stock after purchasing an additional 2,736,041 shares during the period. Dimensional Fund Advisors LP owned about 1.30% of APA worth $141,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in APA. Inspire Advisors LLC purchased a new stake in APA during the second quarter worth about $809,000. Envestnet Asset Management Inc. boosted its position in shares of APA by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 193,069 shares of the company’s stock valued at $5,684,000 after acquiring an additional 20,943 shares during the period. US Asset Management LLC boosted its position in shares of APA by 34.7% in the second quarter. US Asset Management LLC now owns 9,382 shares of the company’s stock valued at $276,000 after acquiring an additional 2,415 shares during the period. Federated Hermes Inc. lifted its position in APA by 1,042.2% during the second quarter. Federated Hermes Inc. now owns 135,496 shares of the company’s stock valued at $3,989,000 after purchasing an additional 123,633 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in APA by 56.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 26,313 shares of the company’s stock valued at $765,000 after purchasing an additional 9,491 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

NASDAQ APA opened at $25.07 on Friday. APA Co. has a 52 week low of $22.72 and a 52 week high of $43.58. The firm has a market capitalization of $9.31 billion, a P/E ratio of 2.80 and a beta of 3.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. 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 earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business earned $0.85 EPS. The firm’s revenue was up 41.6% compared to the same quarter last year. Equities research analysts anticipate that APA Co. will post 4.34 earnings per share for the current year.

APA Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on APA. Piper Sandler decreased their price target on shares of APA from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Susquehanna cut their price target on shares of APA from $57.00 to $52.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on shares of APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Mizuho dropped their target price on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. Finally, Scotiabank dropped their price target on shares of APA from $37.00 to $30.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, APA presently has an average rating of “Hold” and an average target price of $36.38.

APA 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.