Victory Capital Management Inc. Has $30.85 Million Stake in APA Co. (NASDAQ:APA)

Victory Capital Management Inc. raised its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,261,324 shares of the company's stock after purchasing an additional 149,762 shares during the period. Victory Capital Management Inc. owned about 0.34% of APA worth $30,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in APA by 3.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,239 shares of the company's stock worth $25,102,000 after buying an additional 38,651 shares during the last quarter. GSA Capital Partners LLP bought a new stake in APA in the third quarter valued at $281,000. Versor Investments LP bought a new stake in APA in the 3rd quarter valued at about $443,000. Jaffetilchin Investment Partners LLC acquired a new position in APA during the 3rd quarter valued at about $574,000. Finally, Covestor Ltd grew its position in APA by 40.8% in the 3rd quarter. Covestor Ltd now owns 3,093 shares of the company's stock worth $76,000 after purchasing an additional 896 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APA. Barclays decreased their price objective on shares of APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Friday, November 8th. Evercore ISI decreased their price target on shares of APA from $39.00 to $33.00 and set an "in-line" rating for the company in a report on Monday, September 30th. Mizuho cut their price objective on APA from $35.00 to $28.00 and set an "underperform" rating for the company in a report on Monday, September 16th. Citigroup lowered their target price on APA from $32.00 to $29.00 in a report on Friday, October 18th. Finally, Royal Bank of Canada reduced 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. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $32.95.

APA Price Performance

NASDAQ:APA traded down $0.22 on Friday, hitting $22.38. The company had a trading volume of 7,335,787 shares, compared to its average volume of 6,634,630. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 52 week low of $21.15 and a 52 week high of $37.82. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.24. The firm has a 50 day moving average of $24.51 and a two-hundred day moving average of $27.67.

APA Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 4.47%. APA's dividend payout ratio (DPR) is presently 14.12%.

APA 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.