Harris Associates L P Has $540.39 Million Stock Holdings in APA Corporation $APA

Harris Associates L P raised its holdings in APA Corporation (NASDAQ:APA) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,708,527 shares of the company’s stock after purchasing an additional 488,530 shares during the period. Harris Associates L P owned 0.07% of APA worth $540,393,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of APA by 2.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock valued at $765,964,000 after purchasing an additional 1,029,961 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 1,046,893 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of APA by 46.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock valued at $190,876,000 after buying an additional 2,894,543 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in APA by 29.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company’s stock valued at $122,328,000 after acquiring an additional 1,195,212 shares during the last quarter. Finally, Northern Trust Corp lifted its position in APA by 7.2% during the 4th quarter. Northern Trust Corp now owns 4,025,421 shares of the company’s stock worth $92,947,000 after acquiring an additional 269,865 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APA shares. Roth Capital lowered APA from a “buy” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, August 13th. JPMorgan Chase & Co. raised their price objective on APA from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 11th. UBS Group boosted their target price on shares of APA from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Stephens started coverage on shares of APA in a report on Tuesday, August 5th. They issued an “equal weight” rating and a $24.00 price objective on the stock. Finally, Royal Bank Of Canada cut their target price on APA from $24.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.72.

APA Stock Up 1.0%

APA opened at $23.22 on Monday. The stock has a fifty day moving average of $19.72 and a 200-day moving average of $18.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $29.47. The company has a market capitalization of $8.31 billion, a P/E ratio of 7.77, a P/E/G ratio of 6.91 and a beta of 1.29.

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

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.