Horizon Advisory Services Inc. lifted its holdings in shares of APA Co. (NASDAQ:APA – Free Report) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,181 shares of the company’s stock after acquiring an additional 638 shares during the period. Horizon Advisory Services Inc.’s holdings in APA were worth $211,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Sunpointe LLC grew its position in APA by 2.8% in the 2nd quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock valued at $391,000 after buying an additional 362 shares during the last quarter. GAMMA Investing LLC grew its position in APA by 12.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock valued at $105,000 after buying an additional 380 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in APA by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after buying an additional 429 shares during the last quarter. Stephens Inc. AR grew its position in APA by 0.9% in the 4th quarter. Stephens Inc. AR now owns 49,475 shares of the company’s stock valued at $1,775,000 after buying an additional 436 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in APA by 18.1% in the first quarter. UMB Bank n.a. now owns 2,865 shares of the company’s stock valued at $98,000 after acquiring an additional 439 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
APA Trading Up 6.0 %
APA stock opened at $24.53 on Friday. The stock has a market cap of $9.11 billion, a PE ratio of 2.74 and a beta of 3.24. The stock has a 50-day moving average price of $27.56 and a 200 day moving average price of $29.88. APA Co. has a 52 week low of $22.72 and a 52 week high of $43.58. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04.
APA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.08%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 11.19%.
Analysts Set New Price Targets
APA has been the subject of a number of recent analyst reports. Sanford C. Bernstein reduced their target price on APA from $37.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. Citigroup reduced their target price on APA from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, September 9th. JPMorgan Chase & Co. reduced their target price on APA from $36.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Bank of America reissued an “underperform” rating and issued a $31.00 target price on shares of APA in a report on Friday, June 14th. Finally, Truist Financial raised their target price on APA from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, APA has an average rating of “Hold” and an average target price of $36.38.
Read Our Latest Research Report on APA
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.
Recommended Stories
- Five stocks we like better than APA
- What is a Secondary Public Offering? What Investors Need to Know
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- Best Stocks Under $5.00
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Co. (NASDAQ:APA – Free Report).
Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.