Pathstone Holdings LLC Acquires 1,771 Shares of APA Co. (NASDAQ:APA)

Pathstone Holdings LLC grew its holdings in shares of APA Co. (NASDAQ:APA) by 2.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,074 shares of the company’s stock after purchasing an additional 1,771 shares during the quarter. Pathstone Holdings LLC’s holdings in APA were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its position in APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after acquiring an additional 1,079 shares during the last quarter. Rothschild Investment LLC acquired a new stake in APA in the 2nd quarter valued at approximately $42,000. Huntington National Bank increased its position in APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after buying an additional 1,590 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in shares of APA in the second quarter valued at approximately $57,000. 83.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on APA. Royal Bank of Canada cut their target price on APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Citigroup reduced their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays lowered their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company cut their price target on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, UBS Group lowered their price objective on APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.57.

APA Price Performance

Shares of APA stock opened at $22.52 on Thursday. APA Co. has a 1 year low of $21.15 and a 1 year high of $37.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $24.25 and its 200-day moving average is $27.27. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 3.19 and a beta of 3.24.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.44%. APA’s dividend payout ratio is presently 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.