Pathstone Holdings LLC Acquires 1,771 Shares of APA Co. (NASDAQ:APA)

Pathstone Holdings LLC increased its holdings in shares of APA Co. (NASDAQ:APA) by 2.7% during the third quarter, Holdings Channel.com reports. The fund owned 68,074 shares of the company’s stock after purchasing an additional 1,771 shares during the quarter. Pathstone Holdings LLC’s holdings in APA were worth $1,665,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of APA. Whittier Trust Co. of Nevada Inc. raised its holdings in 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 acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of APA in the second quarter worth $42,000. Huntington National Bank increased its position in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the period. GPS Wealth Strategies Group LLC lifted its position in 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 purchasing an additional 1,590 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in APA during the second quarter worth about $57,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APA. Royal Bank of Canada cut their price objective on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Evercore ISI lowered their price target on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Bernstein Bank dropped their price objective on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Piper Sandler reduced their price target on shares of APA from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Finally, The Goldman Sachs Group reduced their price objective on APA from $26.00 to $25.00 in a research note on Friday, October 18th. Four 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.57.

APA Price Performance

APA stock opened at $22.52 on Thursday. The firm’s 50-day moving average is $24.25 and its two-hundred day moving average is $27.27. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $8.33 billion, a P/E ratio of 3.19 and a beta of 3.24. APA Co. has a 12-month low of $21.15 and a 12-month high of $37.82.

APA Dividend Announcement

The business also recently disclosed 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 of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. APA’s dividend payout ratio 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.