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

Atria Investments Inc lifted its position in shares of APA Co. (NASDAQ:APA) by 14.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,480 shares of the company’s stock after buying an additional 7,087 shares during the period. Atria Investments Inc’s holdings in APA were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after buying an additional 470 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after purchasing an additional 1,079 shares during the period. Rothschild Investment LLC acquired a new stake in APA in the 2nd quarter valued at approximately $42,000. GPS Wealth Strategies Group LLC raised its position in APA by 1,325.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after purchasing an additional 1,590 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in APA during the second quarter worth $57,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Down 1.0 %

Shares of APA stock opened at $22.38 on Friday. The company 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 business’s 50 day moving average is $24.51 and its two-hundred day moving average is $27.67. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82.

APA Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APA shares. Truist Financial reduced their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Mizuho reduced their target price on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. Citigroup dropped their price target on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Susquehanna reduced their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Wells Fargo & Company lowered their target price on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have issued 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, the stock currently has an average rating of “Hold” and a consensus target price 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.