UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in APA Co. (NASDAQ:APA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in APA Co. (NASDAQ:APA) by 17.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,102,659 shares of the company’s stock after purchasing an additional 600,612 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in APA were worth $100,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APA. Dimensional Fund Advisors LP increased its stake in APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of APA by 3,450.8% in the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after purchasing an additional 958,141 shares during the last quarter. AQR Capital Management LLC increased its stake in APA by 112.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after buying an additional 767,557 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after buying an additional 485,291 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in APA by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock valued at $98,865,000 after buying an additional 455,312 shares during the period. 83.01% of the stock is owned by institutional investors.

APA Stock Up 0.6 %

NASDAQ:APA opened at $22.65 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82. The company has a market cap of $8.38 billion, a PE ratio of 3.20 and a beta of 3.24. The company’s 50 day moving average is $24.10 and its two-hundred day moving average is $27.13.

APA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, November 8th. Piper Sandler decreased their target price on APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Bernstein Bank dropped their price target on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Citigroup cut their price target on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada lowered their price objective on shares of APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $32.57.

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.