APA Co. (NASDAQ:APA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of APA Co. (NASDAQ:APA) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,991,513 shares of the company’s stock after purchasing an additional 485,291 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in APA were worth $293,312,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in APA. Blair William & Co. IL purchased a new position in APA during the 1st quarter worth approximately $256,000. Covestor Ltd boosted its holdings in shares of APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares during the period. American International Group Inc. grew its position in shares of APA by 15.4% during the first quarter. American International Group Inc. now owns 99,737 shares of the company’s stock worth $3,429,000 after acquiring an additional 13,279 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in APA in the 1st quarter valued at $251,000. Finally, LRI Investments LLC acquired a new stake in APA during the 1st quarter worth $59,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group dropped their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Barclays decreased their price objective on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Evercore ISI dropped their target price on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Royal Bank of Canada dropped their price objective on shares of APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus target price of $32.81.

APA Price Performance

APA stock opened at $22.77 on Friday. The stock has a market capitalization of $8.42 billion, a P/E ratio of 3.22 and a beta of 3.24. APA Co. has a 12-month low of $21.15 and a 12-month high of $37.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50-day moving average is $24.34 and its two-hundred day moving average is $27.42.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.39%. APA’s payout ratio is currently 14.12%.

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.