APA Co. (NASDAQ:APA) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in APA Co. (NASDAQ:APA) by 30.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,377 shares of the company’s stock after purchasing an additional 17,188 shares during the period. PNC Financial Services Group Inc.’s holdings in APA were worth $1,819,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted 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 purchasing an additional 1,079 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of APA in the 2nd quarter valued at approximately $42,000. Huntington National Bank boosted its stake in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares in the last quarter. GPS Wealth Strategies Group LLC grew its holdings 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 acquiring an additional 1,590 shares during the period. Finally, Carolina Wealth Advisors LLC purchased a new position in APA in the second quarter worth $57,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Stock Performance

Shares of NASDAQ APA opened at $22.52 on Wednesday. APA Co. has a 1 year low of $21.15 and a 1 year high of $37.82. The firm has a market cap of $8.33 billion, a P/E ratio of 3.18 and a beta of 3.24. The stock has a fifty day moving average price of $24.31 and a two-hundred day moving average price of $27.32. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on APA shares. Scotiabank decreased their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Mizuho decreased their price target on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Susquehanna dropped their price objective on APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Evercore ISI decreased their target price on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company dropped their price target on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.57.

APA 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.