APA Corporation $APA Shares Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. grew its stake in shares of APA Corporation (NASDAQ:APA) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,000 shares of the company’s stock after purchasing an additional 42,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in APA were worth $2,568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of APA by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after purchasing an additional 1,674,739 shares in the last quarter. Northern Trust Corp lifted its stake in shares of APA by 29.6% during the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after purchasing an additional 1,018,326 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of APA by 157.1% during the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after purchasing an additional 1,869,891 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of APA by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after purchasing an additional 806,252 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of APA by 8.4% during the third quarter. Bank of America Corp DE now owns 2,498,208 shares of the company’s stock worth $60,656,000 after purchasing an additional 193,580 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Down 1.5%

NASDAQ:APA opened at $40.13 on Friday. The firm has a market capitalization of $14.18 billion, a PE ratio of 10.06 and a beta of 0.38. The stock has a 50 day moving average of $36.77 and a 200-day moving average of $29.12. APA Corporation has a 52 week low of $15.20 and a 52 week high of $45.66. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 19.89% and a net margin of 15.55%.The business’s revenue was down 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share. Analysts predict that APA Corporation will post 4.83 EPS for the current year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. APA’s payout ratio is currently 25.06%.

Analysts Set New Price Targets

APA has been the topic of a number of analyst reports. Susquehanna lifted their target price on APA from $37.00 to $47.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Jefferies Financial Group lifted their target price on APA from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, April 13th. Sanford C. Bernstein lifted their target price on APA from $25.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. Bank of America lifted their target price on APA from $23.00 to $27.00 and gave the stock an “underperform” rating in a research report on Monday, March 16th. Finally, JPMorgan Chase & Co. lifted their target price on APA from $29.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

Insider Activity

In other news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total transaction of $833,290.00. Following the completion of the transaction, the director directly owned 6,634 shares in the company, valued at approximately $240,349.82. The trade was a 77.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.