23,000 Shares in APA Corporation $APA Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. acquired a new position in APA Corporation (NASDAQ:APA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,000 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of APA by 2.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock worth $765,964,000 after buying an additional 1,029,961 shares during the last quarter. Harris Associates L P boosted its holdings in shares of APA by 1.9% in the first quarter. Harris Associates L P now owns 25,708,527 shares of the company’s stock worth $540,393,000 after buying an additional 488,530 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of APA by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company’s stock worth $292,871,000 after buying an additional 1,046,893 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of APA by 46.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock worth $190,876,000 after buying an additional 2,894,543 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of APA by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after buying an additional 806,252 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on APA shares. Barclays raised their price objective on shares of APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Cfra Research raised shares of APA to a “hold” rating in a report on Friday, August 8th. Roth Capital lifted their price target on shares of APA from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Royal Bank Of Canada lifted their price target on shares of APA from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Monday, October 13th. Finally, Piper Sandler lifted their price target on shares of APA from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.79.

APA Price Performance

APA stock opened at $22.65 on Monday. APA Corporation has a one year low of $13.58 and a one year high of $25.83. The company’s fifty day moving average price is $23.39 and its 200-day moving average price is $20.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $8.10 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 6.28 and a beta of 1.16.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. APA’s quarterly revenue was down 14.4% on a year-over-year basis. On average, equities analysts anticipate that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, October 22nd. APA’s payout ratio is currently 33.44%.

About APA

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.