18,100 Shares in APA Co. (NASDAQ:APA) Bought by Versor Investments LP

Versor Investments LP purchased a new stake in APA Co. (NASDAQ:APA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,100 shares of the company’s stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its holdings in shares of APA by 67.7% during the 1st quarter. Russell Investments Group Ltd. now owns 123,843 shares of the company’s stock worth $4,257,000 after purchasing an additional 50,016 shares in the last quarter. US Bancorp DE boosted its stake in APA by 16.3% during the first quarter. US Bancorp DE now owns 48,479 shares of the company’s stock worth $1,667,000 after buying an additional 6,807 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in APA by 22.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,626 shares of the company’s stock worth $297,000 after buying an additional 1,610 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in APA by 10.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 392,790 shares of the company’s stock valued at $14,164,000 after buying an additional 37,212 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of APA by 23.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 365,474 shares of the company’s stock valued at $12,565,000 after buying an additional 68,244 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APA. UBS Group decreased their target price on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Scotiabank lowered their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Piper Sandler cut their target price on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada lowered their price target on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Susquehanna cut their price objective on APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. Four 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.95.

APA Stock Up 2.6 %

APA stock opened at $22.60 on Friday. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 3.19 and a beta of 3.24. The company’s 50 day simple moving average is $24.57 and its 200 day simple moving average is $27.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a fifty-two week low of $21.15 and a fifty-two week high of $38.27.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

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.