Covestor Ltd Has $76,000 Stake in APA Co. (NASDAQ:APA)

Covestor Ltd increased its stake in APA Co. (NASDAQ:APA) by 40.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,093 shares of the company’s stock after purchasing an additional 896 shares during the period. Covestor Ltd’s holdings in APA were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the period. Rothschild Investment LLC bought a new position in shares of APA during the 2nd quarter worth approximately $42,000. GPS Wealth Strategies Group LLC raised its holdings in shares of 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 last quarter. LRI Investments LLC bought a new stake in shares of APA in the first quarter worth $59,000. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of APA in the second quarter worth $57,000. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.7 %

Shares of NASDAQ:APA opened at $22.02 on Thursday. APA Co. has a 12-month low of $21.15 and a 12-month high of $38.27. The business has a 50 day moving average of $24.64 and a 200-day moving average of $27.80. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market cap of $8.15 billion, a PE ratio of 3.11 and a beta of 3.24.

APA Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is 14.12%.

Analysts Set New Price Targets

Several brokerages have issued reports on APA. Wells Fargo & Company lowered their price target on shares of APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Evercore ISI dropped their target price on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. Sanford C. Bernstein decreased their price target on APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. UBS Group dropped their price objective on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Finally, The Goldman Sachs Group decreased their target price on shares of APA from $26.00 to $25.00 in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.95.

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.