Bridgewater Associates LP Purchases 253,276 Shares of APA Co. (NASDAQ:APA)

Bridgewater Associates LP increased its position in shares of APA Co. (NASDAQ:APA) by 1,980.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 266,067 shares of the company’s stock after purchasing an additional 253,276 shares during the period. Bridgewater Associates LP owned about 0.07% of APA worth $6,508,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APA. Charles Schwab Investment Management Inc. boosted its holdings in APA by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after purchasing an additional 485,291 shares in the last quarter. Smead Capital Management Inc. boosted its stake in APA by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock valued at $236,466,000 after buying an additional 326,042 shares in the last quarter. Dimensional Fund Advisors LP grew its position in APA by 131.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after acquiring an additional 2,736,041 shares during the period. Bank of New York Mellon Corp raised its stake in APA by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after acquiring an additional 455,312 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of APA by 4.9% during the second quarter. LSV Asset Management now owns 2,757,900 shares of the company’s stock valued at $81,193,000 after acquiring an additional 129,841 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Up 0.6 %

NASDAQ:APA opened at $22.65 on Friday. 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 1-year low of $21.15 and a 1-year high of $37.82. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 3.20 and a beta of 3.24. The business’s 50-day moving average price is $24.15 and its two-hundred day moving average price is $27.20.

APA Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on APA shares. Susquehanna lowered their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. The Goldman Sachs Group dropped their price objective on shares of APA from $26.00 to $25.00 in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Royal Bank of Canada dropped their price target on APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. Finally, Truist Financial reduced their price objective on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.