Jaffetilchin Investment Partners LLC Makes New $574,000 Investment in APA Co. (NASDAQ:APA)

Jaffetilchin Investment Partners LLC acquired a new position in APA Co. (NASDAQ:APA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,480 shares of the company's stock, valued at approximately $574,000.

Several other institutional investors also recently modified their holdings of APA. Vanguard Group Inc. increased its holdings 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 purchasing an additional 2,004,555 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in APA by 18.5% during the 1st quarter. Mutual of America Capital Management LLC now owns 48,664 shares of the company's stock valued at $1,673,000 after purchasing an additional 7,580 shares during the last quarter. Woodstock Corp lifted its position in APA by 20.3% during the third quarter. Woodstock Corp now owns 308,253 shares of the company's stock valued at $7,540,000 after acquiring an additional 51,993 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in APA during the second quarter valued at $2,499,000. Finally, AQR Capital Management LLC raised its stake in APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company's stock worth $42,092,000 after purchasing an additional 767,557 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.

APA Stock Down 1.4 %

APA stock traded down $0.30 during midday trading on Tuesday, reaching $21.87. 6,877,165 shares of the company were exchanged, compared to its average volume of 6,257,821. The stock's 50-day simple moving average is $24.81 and its 200 day simple moving average is $27.92. The company has a market cap of $8.09 billion, a price-to-earnings ratio of 3.17 and a beta of 3.24. APA Co. has a 1-year low of $21.15 and a 1-year high of $38.27. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.01 and a current ratio of 1.34.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Tuesday, October 22nd. APA's dividend payout ratio (DPR) is currently 14.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APA shares. Bernstein Bank cut their price target on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. The Goldman Sachs Group cut their price objective on APA from $26.00 to $25.00 in a report on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of APA from $36.00 to $27.00 and set a "neutral" rating for the company in a research note on Friday, October 18th. Barclays cut their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, UBS Group cut their target price on shares of APA from $35.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.50.

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.