Empowered Funds LLC decreased its holdings in APA Co. (NASDAQ:APA - Free Report) by 65.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 149,939 shares of the company's stock after selling 286,594 shares during the period. Empowered Funds LLC's holdings in APA were worth $3,668,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. lifted its stake in APA by 67.7% in the 1st quarter. Russell Investments Group Ltd. now owns 123,843 shares of the company's stock valued at $4,257,000 after purchasing an additional 50,016 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of APA during the 1st quarter valued at $256,000. Vanguard Group Inc. grew 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 worth $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Covestor Ltd grew its position in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after acquiring an additional 470 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its holdings in APA by 678.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 32,919 shares of the company's stock worth $1,132,000 after purchasing an additional 28,692 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Royal Bank of Canada reduced their price target on APA from $34.00 to $32.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Citigroup reduced their target price on shares of APA from $32.00 to $29.00 in a report on Friday, October 18th. Barclays dropped their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, November 8th. Wells Fargo & Company reduced their price objective on shares of APA from $49.00 to $47.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Finally, Evercore ISI lowered their target price on APA from $39.00 to $33.00 and set an "in-line" rating for the company in a research report on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.81.
Read Our Latest Research Report on APA
APA Stock Down 2.4 %
APA stock traded down $0.54 during midday trading on Tuesday, reaching $21.92. The stock had a trading volume of 7,200,143 shares, compared to its average volume of 6,270,996. The company has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $27.55. APA Co. has a 12 month low of $21.15 and a 12 month high of $37.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $8.11 billion, a P/E ratio of 3.10 and a beta of 3.24.
APA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Tuesday, October 22nd. APA's payout ratio is 14.12%.
APA Profile
(
Free Report)
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.
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