APA Co. (NASDAQ:APA) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in APA Co. (NASDAQ:APA) by 37.0% during the 3rd quarter, Holdings Channel reports. The firm owned 72,299 shares of the company’s stock after selling 42,392 shares during the quarter. Amalgamated Bank’s holdings in APA were worth $1,768,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. boosted its position in shares of APA by 38.3% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 30,602 shares of the company’s stock worth $749,000 after buying an additional 8,482 shares in the last quarter. QRG Capital Management Inc. raised its position in APA by 12.2% during the third quarter. QRG Capital Management Inc. now owns 17,898 shares of the company’s stock worth $438,000 after acquiring an additional 1,951 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of APA by 3.2% in the third quarter. Asset Management One Co. Ltd. now owns 138,447 shares of the company’s stock valued at $3,386,000 after purchasing an additional 4,266 shares in the last quarter. Van ECK Associates Corp grew its position in shares of APA by 18.5% in the third quarter. Van ECK Associates Corp now owns 76,641 shares of the company’s stock valued at $1,877,000 after purchasing an additional 11,964 shares during the last quarter. Finally, Lodestone Wealth Management LLC increased its stake in shares of APA by 24.6% during the 3rd quarter. Lodestone Wealth Management LLC now owns 64,677 shares of the company’s stock worth $1,582,000 after purchasing an additional 12,758 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

APA has been the topic of a number of analyst reports. Mizuho lowered their target price on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. Susquehanna decreased their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. UBS Group cut their target price on shares of APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Piper Sandler decreased their price target on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price objective 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. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, APA presently has a consensus rating of “Hold” and an average price target of $33.50.

APA Stock Down 1.4 %

Shares of APA stock opened at $21.87 on Wednesday. The company has a fifty day moving average price of $24.71 and a 200 day moving average price of $27.84. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 1.03. APA Co. has a twelve month low of $21.15 and a twelve month high of $38.27. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 3.09 and a beta of 3.24.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.57%. APA’s dividend payout ratio (DPR) is currently 14.12%.

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.