Larson Financial Group LLC Sells 987 Shares of APA Co. (NASDAQ:APA)

Larson Financial Group LLC lowered its holdings in APA Co. (NASDAQ:APA) by 21.1% in the third quarter, HoldingsChannel.com reports. The firm owned 3,681 shares of the company’s stock after selling 987 shares during the quarter. Larson Financial Group LLC’s holdings in APA were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APA. Whittier Trust Co. of Nevada Inc. raised its position in shares of APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after buying an additional 1,079 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of APA in the 2nd quarter valued at approximately $42,000. Huntington National Bank raised its position in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of APA by 1,325.0% in the 2nd 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 acquired a new position in shares of APA in the 2nd quarter valued at approximately $57,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Performance

NASDAQ:APA opened at $22.52 on Friday. The firm’s fifty day moving average is $24.20 and its 200-day moving average is $27.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 52 week low of $21.15 and a 52 week high of $37.82. The firm has a market cap of $8.33 billion, a P/E ratio of 3.18 and a beta of 3.24.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

Wall Street Analysts Forecast Growth

APA has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered their price objective on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. UBS Group lowered their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Barclays lowered their price objective on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Finally, Susquehanna lowered their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.57.

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.