APA Co. (NASDAQ:APA) Shares Sold by State Street Corp

State Street Corp reduced its position in APA Co. (NASDAQ:APA - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,912,921 shares of the company's stock after selling 1,105,950 shares during the quarter. State Street Corp owned about 6.73% of APA worth $609,370,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company's stock worth $40,000 after purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of APA during the 2nd quarter worth about $42,000. GPS Wealth Strategies Group LLC increased its position 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 worth $50,000 after purchasing an additional 1,590 shares during the last quarter. Huntington National Bank increased its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company's stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock valued at $63,000 after acquiring an additional 1,604 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APA. Piper Sandler lowered their target price on APA from $28.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, November 18th. Mizuho decreased their price objective on APA from $35.00 to $28.00 and set an "underperform" rating for the company in a research note on Monday, September 16th. Scotiabank decreased their price objective on APA from $30.00 to $27.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. UBS Group decreased their price objective on APA from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, November 18th. Finally, Evercore ISI decreased their price objective on APA from $39.00 to $33.00 and set an "in-line" rating for the company in a research note on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, APA presently has an average rating of "Hold" and a consensus target price of $32.57.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.83 during trading on Monday, reaching $22.25. The company had a trading volume of 9,011,297 shares, compared to its average volume of 6,284,844. The stock's fifty day moving average price is $23.84 and its 200 day moving average price is $26.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 3.03 and a beta of 3.19. APA Co. has a fifty-two week low of $20.95 and a fifty-two week high of $37.82.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.49%. APA's dividend payout ratio is currently 14.12%.

APA Company 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.