SCHEDULE 13G/A: Hotchkis and Wiley Capital Management, LLC and Vanguard Windsor II Fund Disclose Significant Stakes in APA Corporation

Two major investment entities, Hotchkis and Wiley Capital Management, LLC and Vanguard Windsor II Fund, have disclosed beneficial ownership of 9.6% and 5.1% respectively, of APA Corporation's common stock as of December 31, 2024.

Summary

• Hotchkis and Wiley Capital Management, LLC reported beneficial ownership of 35,409,788 shares of APA Corporation's common stock, representing 9.6% of the class.
• Vanguard Windsor II Fund reported beneficial ownership of 18,764,967 shares of APA Corporation's common stock, representing 5.1% of the class.
• Hotchkis and Wiley Capital Management, LLC holds sole voting power over 33,239,172 shares and sole dispositive power over 35,409,788 shares.
• Vanguard Windsor II Fund holds sole voting power and sole dispositive power over 18,764,967 shares.
• The percentages are based on 369,947,453 shares of Common Stock outstanding as of October 31, 2024, as reported by APA Corporation in its Form 10-Q.
• The shares are owned by investment vehicles and/or accounts managed or sub-advised by Hotchkis and Wiley Capital Management, LLC, including Vanguard Windsor II Fund.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to previously reported beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing no inherent positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing reflects standard institutional investment activity in a publicly traded company within the energy sector. Large institutional holdings are common for companies like APA Corporation, an independent energy company.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.

Key Dates

Keywords

APA Corporation, Hotchkis and Wiley Capital Management, Vanguard Windsor II Fund, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment Management, Institutional Ownership