Free Trial

Investment Management Corp of Ontario Sells 48,211 Shares of APA Co. (NASDAQ:APA)

APA logo with Oils/Energy background

Investment Management Corp of Ontario reduced its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 79.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,298 shares of the company's stock after selling 48,211 shares during the period. Investment Management Corp of Ontario's holdings in APA were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its stake in APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company's stock valued at $40,000 after acquiring an additional 1,079 shares during the period. Rothschild Investment LLC acquired a new stake in APA in the second quarter worth $42,000. Huntington National Bank increased its position in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock worth $42,000 after buying an additional 561 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company's stock valued at $50,000 after acquiring an additional 1,590 shares during the period. Finally, Blue Trust Inc. grew its position in shares of APA by 164.2% during the third quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock worth $63,000 after acquiring an additional 1,604 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

APA Stock Performance

Shares of APA traded up $0.98 during midday trading on Monday, reaching $22.40. 4,449,662 shares of the stock were exchanged, compared to its average volume of 6,264,663. The stock's 50 day simple moving average is $23.84 and its 200 day simple moving average is $26.80. The company has a market cap of $8.29 billion, a P/E ratio of 3.03 and a beta of 3.19. APA Co. has a twelve month low of $20.95 and a twelve month high of $37.82. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Tuesday, October 22nd. APA's dividend payout ratio is currently 14.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on APA shares. JPMorgan Chase & Co. cut their price target on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Evercore ISI cut their target price on shares of APA from $39.00 to $33.00 and set an "in-line" rating for the company in a research note on Monday, September 30th. Mizuho reduced their price objective on APA from $35.00 to $28.00 and set an "underperform" rating for the company in a research report on Monday, September 16th. Truist Financial cut their price objective on APA from $36.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Finally, Bernstein Bank reduced their target price on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $32.57.

View Our Latest Research Report on APA

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.

Recommended Stories

Institutional Ownership by Quarter for APA (NASDAQ:APA)

Should you invest $1,000 in APA right now?

Before you consider APA, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.

While APA currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop

The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop

Join tech expert Jeff Brown, the founder of Brownstone Research, as he breaks down what’s driving Tesla's latest rally and how AI is fueling future growth.

Related Videos

Why Meta Is Still a Top Stock Pick for 2025
Why Amazon’s AI Power and Holiday Boost Make This Stock a 2025 Winner
Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines