GSA Capital Partners LLP Takes $281,000 Position in APA Co. (NASDAQ:APA)

GSA Capital Partners LLP purchased a new stake in shares of APA Co. (NASDAQ:APA) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 11,498 shares of the company’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after buying an additional 2,736,041 shares during the period. Webs Creek Capital Management LP acquired a new stake in shares of APA in the 1st quarter valued at approximately $28,593,000. AQR Capital Management LLC raised its holdings in shares of APA by 112.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after purchasing an additional 767,557 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of APA by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after acquiring an additional 455,312 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of APA by 50.2% in the second quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock valued at $29,002,000 after purchasing an additional 329,462 shares during the period. Institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APA shares. Wells Fargo & Company reduced their target price on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Barclays lowered their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Citigroup reduced their price objective on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Evercore ISI decreased 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 report on Monday, September 30th. Finally, Mizuho dropped their target price on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research report on Monday, September 16th. Four equities 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.81.

APA Stock Performance

Shares of APA stock opened at $22.77 on Friday. The business’s fifty day simple moving average is $24.34 and its 200 day simple moving average is $27.40. 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 firm has a market capitalization of $8.42 billion, a P/E ratio of 3.22 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 declared 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 was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. APA’s payout ratio is currently 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.