APA Corporation $APA Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of APA Corporation (NASDAQ:APA) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 733,038 shares of the company’s stock after buying an additional 35,814 shares during the period. American Century Companies Inc. owned approximately 0.20% of APA worth $15,408,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. ProShare Advisors LLC raised its holdings in APA by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company’s stock worth $2,630,000 after purchasing an additional 449 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in APA by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company’s stock worth $1,018,000 after purchasing an additional 517 shares in the last quarter. Albert D Mason Inc. raised its holdings in APA by 5.7% during the first quarter. Albert D Mason Inc. now owns 12,261 shares of the company’s stock worth $258,000 after purchasing an additional 657 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in APA by 2.7% during the first quarter. Greenwood Capital Associates LLC now owns 28,107 shares of the company’s stock worth $591,000 after purchasing an additional 730 shares in the last quarter. Finally, Lipe & Dalton raised its holdings in APA by 3.5% during the first quarter. Lipe & Dalton now owns 23,290 shares of the company’s stock worth $490,000 after purchasing an additional 780 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of APA from $24.00 to $22.00 and set a “sector perform” rating for the company in a report on Monday, July 14th. Wells Fargo & Company increased their price target on shares of APA from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Friday, August 15th. Mizuho cut their price target on shares of APA from $20.00 to $19.00 and set an “underperform” rating for the company in a report on Tuesday, May 13th. Piper Sandler increased their price target on shares of APA from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of APA from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.94.

APA Trading Up 4.9%

Shares of APA opened at $21.64 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average is $19.49 and its two-hundred day moving average is $18.90. APA Corporation has a twelve month low of $13.58 and a twelve month high of $29.47. The firm has a market capitalization of $7.74 billion, a P/E ratio of 7.24, a PEG ratio of 6.37 and a beta of 1.23.

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

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.