The Vanguard Group, Inc. has recently announced that it has increased stake in APA Corporation (NASDAQ:APA) by 5.26%. After grabbing 40.45 million shares, the institutional investor is now in possession of 2.02 million shares of the Energy Company. The new investment brought the stake of investor firm to 13.19% having worth around $1.46 billion. Moreover, Geode Capital Management LLC increased its share by 0.1 million to have a control over 7.1 million shares. And Smead Capital Management, Inc. raised its holdings to 0.17 million shares by acquiring 4.61 million shares or 1.50% of the stake.
APA Corporation (APA) concluded trading on December 20, 2023 at a closing price of $35.52, with 4.11 million shares of worth about $145.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.96% during that period and On Wednesday the price saw a loss of about -1.36%. Currently the company’s common shares owned by public are about 311.56M shares, out of which, 305.24M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 125 times over the past 12 months. They bought 1,112,600 shares in 63 of the transactions. In 62 selling transactions, insiders dumped 958,329 shares.
Vanguard Total Stock Market ETF, Vanguard Windsor Funds – Vanguard, and SPDR Series – Energy Select Secto are the top 3 mutual funds which are holding stakes in APA Corporation Vanguard Total Stock Market ETF is currently holding 9.61 million shares of worth totaling $346.13 million. The company recently came buying 53651.0 shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard Windsor Funds – Vanguard bought 0.68 million shares, after which its hold over company’s outstanding shares expand to 2.96%, leaving 9.09 million shares with the mutual fund that have a worth of about $327.33 million. SPDR Series – Energy Select Secto, after selling 8.65 million shares, have now control over 2.82% of the stake in the company. It holds 95040.0 shares of worth $311.46 million.
Stock saw a price change of 1.92% in past 5 days and over the past one month there was a price change of -4.00%. Year-to-date (YTD), APA shares are showing a performance of -23.91% which decreased to -18.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.67 but also hit the highest price of $48.14 during that period. The average intraday trading volume for APA Corporation shares is 3.82 million. The stock is currently trading -0.04% below its 20-day simple moving average (SMA20), while that difference is down -6.19% for SMA50 and it goes to -5.87% lower than SMA200.
The Vanguard Group, Inc. acquired 40.45 million shares of APA Corporation having value of about $1.46 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2.02 million shares in the company valued at close to $71803928.64, or have control over 5.26% stake in the company. APA Corporation (NASDAQ: APA) currently have 311.56M outstanding shares and institutions hold larger chunk of about 82.47% of that. Holding of mutual funds in the company is about 31.92% while other institutional holders and individual stake holders have control over 50.91% and 0.49% of the stake respectively.
The stock has a current market capitalization of $10.89B and its 3Y-monthly beta is at 3.31. PE ratio of stock for trailing 12 months is 7.29, while it has posted earnings per share of $4.87 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 5.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APA, volatility over the week remained 2.29% while standing at 2.54% over the month.
Analysts are in expectations that APA Corporation (APA) stock would likely to be making an EPS of $1.54 in the current quarter, while forecast for next quarter EPS is $1.46 and it is $5.75 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.83 which is $2.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -36.02% while it is estimated to increase by 17.79% in next year. EPS is likely to shrink at an annualized rate of 0.00% for next 5-years, compared to annual growth of 26.51% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 22, 2023 offering a Neutral rating for the stock and assigned a target price range of between $52 and $37 to it.
