Zurcher Kantonalbank Zurich Cantonalbank Has $5.57 Million Stock Holdings in APA Co. (NASDAQ:APA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of APA Co. (NASDAQ:APA) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,012 shares of the company’s stock after buying an additional 18,884 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of APA worth $5,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. Harris Associates L P lifted its holdings in shares of APA by 17.8% in the fourth quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock valued at $563,520,000 after purchasing an additional 2,367,570 shares in the last quarter. Vanguard Group Inc. raised its position in shares of APA by 4.7% during the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in APA by 10.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after acquiring an additional 1,938,335 shares in the last quarter. Webs Creek Capital Management LP acquired a new position in APA during the first quarter worth $28,593,000. Finally, Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 455,312 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Price Performance

Shares of NASDAQ APA traded down $0.90 during mid-day trading on Friday, reaching $28.44. 2,622,690 shares of the company traded hands, compared to its average volume of 6,137,047. APA Co. has a fifty-two week low of $26.81 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.16. The firm has a market cap of $10.56 billion, a PE ratio of 3.28 and a beta of 3.26. The stock has a fifty day simple moving average of $29.50 and a 200-day simple moving average of $30.65.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The company’s revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts anticipate that APA Co. will post 4.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on APA. Piper Sandler lowered their price target on shares of APA from $34.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Evercore ISI cut shares of APA from an “outperform” rating to an “inline” rating and dropped their price target for the company from $52.00 to $39.00 in a research report on Friday, June 14th. Susquehanna increased their price target on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. Barclays decreased their price target on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Finally, Sanford C. Bernstein cut their price objective on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 17th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.05.

About APA

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.