Atom Investors LP Invests $1.42 Million in APA Co. (NASDAQ:APA)

Atom Investors LP purchased a new stake in APA Co. (NASDAQ:APA) in the 3rd quarter, HoldingsChannel reports. The firm purchased 58,152 shares of the company’s stock, valued at approximately $1,422,000.

Several other large investors have also made changes to their positions in the company. Woodstock Corp lifted its stake in APA by 20.3% in the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock valued at $7,540,000 after acquiring an additional 51,993 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of APA by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after purchasing an additional 485,291 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in APA by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after purchasing an additional 149,762 shares in the last quarter. Ellis Investment Partners LLC acquired a new position in APA during the second quarter worth $2,499,000. Finally, AQR Capital Management LLC raised its holdings in APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after buying an additional 767,557 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APA. JPMorgan Chase & Co. decreased their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Truist Financial lowered their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna reduced their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Citigroup decreased their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Finally, Wells Fargo & Company dropped their target price on shares of APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.57.

APA Stock Down 1.4 %

Shares of APA stock opened at $22.34 on Tuesday. APA Co. has a 12 month low of $21.15 and a 12 month high of $37.82. The business has a fifty day simple moving average of $24.10 and a 200 day simple moving average of $27.11. 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 cap of $8.26 billion, a PE ratio of 3.16 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 $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.48%. APA’s dividend payout ratio (DPR) is presently 14.12%.

About 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.