APA Corporation $APA Shares Sold by Versor Investments LP

Versor Investments LP trimmed its holdings in APA Corporation (NASDAQ:APA) by 70.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,200 shares of the company’s stock after selling 54,000 shares during the quarter. Versor Investments LP’s holdings in APA were worth $539,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APA. Charles Schwab Investment Management Inc. increased its position in shares of APA by 2.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,208,961 shares of the company’s stock worth $259,882,000 after purchasing an additional 275,981 shares during the last quarter. AQR Capital Management LLC boosted its stake in 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 buying an additional 1,869,891 shares during the period. First Trust Advisors LP increased its position in shares of APA by 23.9% during the second quarter. First Trust Advisors LP now owns 2,710,405 shares of the company’s stock valued at $49,573,000 after acquiring an additional 522,947 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $56,092,000 after acquiring an additional 806,252 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in shares of APA by 7.5% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 1,873,041 shares of the company’s stock valued at $45,477,000 after acquiring an additional 130,524 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APA shares. JPMorgan Chase & Co. lowered their price objective on shares of APA from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, January 22nd. UBS Group raised their price target on APA from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Roth Mkm lifted their price objective on APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Susquehanna increased their target price on APA from $30.00 to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 12th. Finally, Evercore dropped their target price on APA from $21.00 to $16.00 in a research report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, APA currently has a consensus rating of “Hold” and an average target price of $26.35.

APA Stock Up 3.0%

Shares of APA stock opened at $28.26 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. APA Corporation has a 52-week low of $13.58 and a 52-week high of $28.56. The company has a market capitalization of $10.02 billion, a P/E ratio of 6.79, a P/E/G ratio of 12.55 and a beta of 0.74. The company has a 50 day moving average of $25.57 and a 200 day moving average of $23.78.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.5%. APA’s dividend payout ratio (DPR) is currently 24.04%.

APA 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.