APA Co. (NASDAQ:APA) Shares Purchased by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its position in APA Co. (NASDAQ:APA) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,440 shares of the company’s stock after purchasing an additional 3,924 shares during the period. Harvest Portfolios Group Inc.’s holdings in APA were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of APA by 131.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after acquiring an additional 2,736,041 shares during the period. Vanguard Group Inc. grew its holdings in APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after buying an additional 2,004,555 shares during the last quarter. Webs Creek Capital Management LP acquired a new position in shares of APA in the first quarter worth $28,593,000. AQR Capital Management LLC boosted its stake in shares of APA by 112.6% during the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after acquiring an additional 767,557 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in APA by 15.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,358,192 shares of the company’s stock worth $98,865,000 after purchasing an additional 455,312 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Up 4.9 %

Shares of NASDAQ:APA opened at $24.73 on Thursday. The company has a market cap of $9.15 billion, a PE ratio of 2.70 and a beta of 3.24. The firm has a 50 day simple moving average of $25.30 and a 200 day simple moving average of $28.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. APA Co. has a 52 week low of $22.72 and a 52 week high of $38.65.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. APA’s dividend payout ratio (DPR) is currently 10.91%.

Analyst Ratings Changes

Several research firms have commented on APA. Sanford C. Bernstein lowered their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Truist Financial upped their price objective on shares of APA from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group decreased their price target on shares of APA from $26.00 to $25.00 in a report on Friday, October 18th. JPMorgan Chase & Co. cut their target price on APA from $36.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, October 18th. Finally, Evercore ISI lowered their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.18.

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.