APA Co. (NASDAQ:APA) Stake Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of APA Co. (NASDAQ:APA) by 30.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,377 shares of the company’s stock after buying an additional 17,188 shares during the period. PNC Financial Services Group Inc.’s holdings in APA were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of APA by 386.7% in 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 acquired a new position in shares of APA in the second quarter worth $42,000. GPS Wealth Strategies Group LLC raised its holdings in shares of APA by 1,325.0% during 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 in the last quarter. Huntington National Bank boosted its position in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in APA in the first quarter valued at about $59,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Performance

APA stock opened at $22.52 on Wednesday. APA Co. has a 12-month low of $21.15 and a 12-month high of $37.82. The stock has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $27.32. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 3.18 and a beta of 3.24.

APA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. APA’s dividend payout ratio (DPR) is currently 14.12%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APA shares. Barclays reduced their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group dropped their target price on shares of APA from $26.00 to $25.00 in a report on Friday, October 18th. Mizuho lowered their price target on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company cut their price objective on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Four 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 MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.57.

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.