Bank of Montreal Can Boosts Holdings in APA Co. (NASDAQ:APA)

Bank of Montreal Can grew its holdings in APA Co. (NASDAQ:APA) by 5.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 359,409 shares of the company’s stock after acquiring an additional 18,332 shares during the quarter. Bank of Montreal Can owned 0.10% of APA worth $8,816,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of APA. Atria Investments Inc lifted its holdings in APA by 20.3% in the first quarter. Atria Investments Inc now owns 41,684 shares of the company’s stock valued at $1,433,000 after acquiring an additional 7,032 shares during the period. EverSource Wealth Advisors LLC raised its holdings in APA by 257.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,665 shares of the company’s stock valued at $84,000 after acquiring an additional 1,920 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of APA by 12.0% in the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock valued at $105,000 after purchasing an additional 380 shares during the last quarter. DNB Asset Management AS raised its holdings in shares of APA by 39.3% during the 2nd quarter. DNB Asset Management AS now owns 73,200 shares of the company’s stock worth $2,155,000 after acquiring an additional 20,654 shares during the period. Finally, Mather Group LLC. boosted its position in shares of APA by 34.4% during the 2nd quarter. Mather Group LLC. now owns 3,757 shares of the company’s stock valued at $111,000 after acquiring an additional 962 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Price Performance

Shares of NASDAQ APA opened at $22.34 on Tuesday. The stock has a market cap of $8.26 billion, a P/E ratio of 3.16 and a beta of 3.24. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82. The stock has a 50 day moving average of $24.10 and a two-hundred day moving average of $27.11. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.48%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APA. Susquehanna cut their target price on APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Mizuho dropped their price target on shares of APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Citigroup reduced their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Scotiabank lowered their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Royal Bank of Canada cut their target price on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, APA currently has a consensus rating of “Hold” and an average target price of $32.57.

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.