APA Co. (NASDAQ:APA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of APA Co. (NASDAQ:APA) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,672 shares of the company’s stock after buying an additional 2,660 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of APA worth $4,688,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised 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 purchasing an additional 2,736,041 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of APA by 3,450.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock valued at $24,115,000 after buying an additional 958,141 shares during the period. AQR Capital Management LLC raised its holdings in shares of APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after buying an additional 767,557 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in APA by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after acquiring an additional 485,291 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in APA by 15.7% in the 2nd 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 during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Price Performance

Shares of APA opened at $22.34 on Tuesday. 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 company has a market cap of $8.26 billion, a P/E ratio of 3.16 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 stock has a fifty day moving average price of $24.10 and a 200 day moving average price of $27.11.

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 issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.48%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APA. Royal Bank of Canada decreased their target price on shares of APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Evercore ISI decreased their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Susquehanna dropped their target price on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group reduced their price target on APA from $26.00 to $25.00 in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price objective on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.57.

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.