PVG Asset Management Corp acquired a new stake in APA Co. (NASDAQ:APA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,961 shares of the company's stock, valued at approximately $757,000. APA comprises approximately 3.0% of PVG Asset Management Corp's investment portfolio, making the stock its 7th biggest position.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in APA by 25.4% in 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 during the period. Sequoia Financial Advisors LLC acquired a new position in APA in the second quarter valued at about $251,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of APA by 31.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,709 shares of the company's stock worth $580,000 after acquiring an additional 4,764 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of APA by 6.9% during the second quarter. V Square Quantitative Management LLC now owns 7,703 shares of the company's stock worth $227,000 after purchasing an additional 499 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its holdings in shares of APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company's stock valued at $50,000 after purchasing an additional 1,590 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
Wall Street Analyst Weigh In
APA has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on shares of APA from $34.00 to $32.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Wells Fargo & Company dropped their price objective on shares of APA from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Evercore ISI reduced 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. Truist Financial dropped their price target on APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Finally, Mizuho cut their price target on APA from $35.00 to $28.00 and set an "underperform" rating on the stock in a report on Monday, September 16th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.52.
Read Our Latest Analysis on APA
Insider Buying and Selling at APA
In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now owns 12,436 shares of the company's stock, valued at approximately $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company's stock.
APA Price Performance
Shares of APA traded up $0.56 during trading hours on Thursday, hitting $22.94. 6,256,739 shares of the company were exchanged, compared to its average volume of 6,281,053. 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 Co. has a fifty-two week low of $20.95 and a fifty-two week high of $37.82. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 3.16 and a beta of 3.19. The firm's fifty day moving average is $23.66 and its 200 day moving average is $26.67.
APA Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.36%. 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.
See Also
![Institutional Ownership by Quarter for APA (NASDAQ:APA)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=APA)
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