APA Co. (NASDAQ:APA) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of APA Co. (NASDAQ:APA) by 14.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 55,480 shares of the company’s stock after purchasing an additional 7,087 shares during the quarter. Atria Investments Inc’s holdings in APA were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cowa LLC increased its position in shares of APA by 23.3% in the third quarter. Cowa LLC now owns 10,600 shares of the company’s stock valued at $259,000 after buying an additional 2,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in APA by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 456,922 shares of the company’s stock valued at $11,176,000 after acquiring an additional 13,557 shares during the last quarter. Olympiad Research LP purchased a new position in APA during the 3rd quarter valued at about $280,000. Malaga Cove Capital LLC acquired a new position in APA during the third quarter worth about $460,000. Finally, Harvest Portfolios Group Inc. lifted its holdings in shares of APA by 7.9% in the third quarter. Harvest Portfolios Group Inc. now owns 53,440 shares of the company’s stock valued at $1,307,000 after purchasing an additional 3,924 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Trading Down 1.0 %

Shares of APA opened at $22.38 on Friday. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82. The firm has a market capitalization of $8.28 billion, a P/E ratio of 3.16 and a beta of 3.24. 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 stock’s fifty day simple moving average is $24.51 and its 200 day simple moving average is $27.67.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

Wall Street Analysts Forecast Growth

APA has been the subject of a number of recent research reports. Evercore ISI dropped their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research note on Monday, September 30th. The Goldman Sachs Group dropped their price target on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Piper Sandler reduced their price objective on APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Mizuho dropped their price objective on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Finally, Bernstein Bank cut their target price on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Four equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.95.

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.