APA Co. (NASDAQ:APA) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in APA Co. (NASDAQ:APA - Free Report) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,026,239 shares of the company's stock after purchasing an additional 38,651 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of APA worth $25,102,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd increased its stake in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after purchasing an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of APA by 386.7% during 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 last quarter. Rothschild Investment LLC purchased a new position in shares of APA in the second quarter valued at approximately $42,000. GPS Wealth Strategies Group LLC boosted its stake in shares of APA by 1,325.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company's stock worth $50,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of APA during the second quarter worth approximately $57,000. Hedge funds and other institutional investors own 83.01% of the company's stock.

APA Trading Down 1.0 %

NASDAQ APA traded down $0.22 during trading on Friday, hitting $22.38. The stock had a trading volume of 7,335,787 shares, compared to its average volume of 6,634,630. The firm has a 50 day moving average price of $24.51 and a 200 day moving average price of $27.65. 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 twelve month low of $21.15 and a twelve month high of $37.82. The company has a market capitalization of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.47%. APA's payout ratio is 14.12%.

Analyst Ratings Changes

APA has been the topic of several recent research reports. Citigroup lowered their target price on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Susquehanna dropped their price target on APA from $52.00 to $48.00 and set a "positive" rating for the company in a research report on Friday, October 18th. Evercore ISI lowered their price objective on APA from $39.00 to $33.00 and set an "in-line" rating on the stock in a research note on Monday, September 30th. Mizuho cut their target price on APA from $35.00 to $28.00 and set an "underperform" rating for the company in a research note on Monday, September 16th. Finally, Piper Sandler lowered their price target on shares of APA from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. 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. According to data from MarketBeat.com, APA currently has a consensus rating of "Hold" and an average price target of $32.95.

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.