iA Global Asset Management Inc. Sells 27,168 Shares of APA Co. (NASDAQ:APA)

iA Global Asset Management Inc. decreased its stake in APA Co. (NASDAQ:APA - Free Report) by 71.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,750 shares of the company's stock after selling 27,168 shares during the quarter. iA Global Asset Management Inc.'s holdings in APA were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of APA by 25.4% during the second quarter. CWM LLC now owns 11,604 shares of the company's stock worth $342,000 after purchasing an additional 2,349 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of APA by 27.6% in the second quarter. QRG Capital Management Inc. now owns 15,947 shares of the company's stock worth $469,000 after acquiring an additional 3,448 shares in the last quarter. Czech National Bank raised its position in shares of APA by 28.6% during the second quarter. Czech National Bank now owns 68,613 shares of the company's stock worth $2,020,000 after purchasing an additional 15,275 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of APA during the 2nd quarter valued at about $251,000. Finally, Wedmont Private Capital grew its position in shares of APA by 63.9% in the 2nd quarter. Wedmont Private Capital now owns 12,234 shares of the company's stock valued at $367,000 after purchasing an additional 4,771 shares during the period. Institutional investors own 83.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on APA from $26.00 to $25.00 in a report on Friday, October 18th. Mizuho cut their price objective on shares of APA from $35.00 to $28.00 and set an "underperform" rating on the stock in a research report on Monday, September 16th. Barclays decreased their target price on shares of APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, November 8th. Susquehanna reduced their price objective on shares of APA from $52.00 to $48.00 and set a "positive" rating for the company in a research note on Friday, October 18th. Finally, Royal Bank of Canada lowered their target price on APA from $34.00 to $32.00 and set a "sector perform" rating on the stock in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a sell rating, eleven have issued 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 company presently has a consensus rating of "Hold" and an average price target of $32.52.

APA Price Performance

Shares of APA traded up $0.12 during mid-day trading on Wednesday, reaching $22.38. The company had a trading volume of 7,053,532 shares, compared to its average volume of 6,281,145. The company's 50 day simple moving average is $23.73 and its 200 day simple moving average is $26.70. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 3.14 and a beta of 3.19. APA Co. has a 1-year low of $20.95 and a 1-year high of $37.82. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. APA's dividend payout ratio (DPR) is presently 14.12%.

About APA

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.