Amalgamated Bank Sells 42,392 Shares of APA Co. (NASDAQ:APA)

Amalgamated Bank trimmed its position in shares of APA Co. (NASDAQ:APA - Free Report) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,299 shares of the company's stock after selling 42,392 shares during the quarter. Amalgamated Bank's holdings in APA were worth $1,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company's stock valued at $1,535,001,000 after purchasing an additional 2,004,555 shares during the period. Dimensional Fund Advisors LP boosted its stake in APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company's stock worth $141,704,000 after acquiring an additional 2,736,041 shares during the last quarter. Bank of New York Mellon Corp grew 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 valued at $98,865,000 after purchasing an additional 455,312 shares during the period. LSV Asset Management increased its stake in APA by 4.9% in the second quarter. LSV Asset Management now owns 2,757,900 shares of the company's stock valued at $81,193,000 after purchasing an additional 129,841 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in APA by 1.1% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 1,451,439 shares of the company's stock worth $42,730,000 after buying an additional 16,287 shares during the period. 83.01% of the stock is currently owned by institutional investors.

APA Stock Performance

Shares of APA stock traded up $0.15 during mid-day trading on Wednesday, hitting $22.02. 6,713,695 shares of the stock were exchanged, compared to its average volume of 6,259,805. The company has a market capitalization of $8.15 billion, a P/E ratio of 3.11 and a beta of 3.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $24.64 and a 200 day simple moving average of $27.80. APA Co. has a 12 month low of $21.15 and a 12 month high of $38.27.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.54%. APA's dividend payout ratio is currently 14.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APA shares. Wolfe Research assumed coverage on shares of APA in a report on Thursday, July 18th. They set an "outperform" rating and a $42.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on APA from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday. Citigroup cut their price objective on shares of APA from $32.00 to $29.00 in a research report on Friday, October 18th. Piper Sandler cut their price target on shares of APA from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Finally, Susquehanna lowered 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. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $33.41.

APA Company Profile

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.