Victory Capital Management Inc. raised its stake in APA Co. (NASDAQ:APA - Free Report) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,261,324 shares of the company's stock after buying an additional 149,762 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of APA worth $30,852,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of APA. Covestor Ltd lifted its holdings in shares of APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after acquiring an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in APA by 386.7% during the second 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 in the last quarter. Rothschild Investment LLC purchased a new position in shares of APA during the second quarter worth $42,000. GPS Wealth Strategies Group LLC grew 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 valued at $50,000 after buying an additional 1,590 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of APA in the 2nd quarter valued at $57,000. Hedge funds and other institutional investors own 83.01% of the company's stock.
Shares of NASDAQ:APA opened at $22.38 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a 50 day simple moving average of $24.51 and a 200-day simple moving average of $27.67. The company has a market capitalization of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.47%. APA's dividend payout ratio is presently 14.12%.
Several equities analysts have weighed in on APA shares. JPMorgan Chase & Co. dropped their target price on APA from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Wednesday. Scotiabank dropped their price objective on shares of APA from $30.00 to $27.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Susquehanna cut their target price on shares of APA from $52.00 to $48.00 and set a "positive" rating on the stock in a research note on Friday, October 18th. UBS Group decreased their price target on shares of APA from $35.00 to $29.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Finally, Evercore ISI cut their price objective on APA from $39.00 to $33.00 and set an "in-line" rating on the stock in a research report on Monday, September 30th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.95.
Read Our Latest Stock Report on 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.
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