Huntington National Bank Increases Stock Position in APA Co. (NASDAQ:APA)

Huntington National Bank lifted its holdings in APA Co. (NASDAQ:APA) by 48.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the company’s stock after buying an additional 561 shares during the quarter. Huntington National Bank’s holdings in APA were worth $42,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Covestor Ltd boosted its holdings in APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew 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 valued at $40,000 after purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC bought a new stake in APA during the 2nd quarter valued at about $42,000. GPS Wealth Strategies Group LLC raised its holdings in APA by 1,325.0% in 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 position in shares of APA in the second quarter worth approximately $57,000. 83.01% of the stock is currently owned by institutional investors.

APA Trading Down 2.4 %

Shares of APA stock opened at $21.92 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 3.10 and a beta of 3.24. APA Co. has a 1 year low of $21.15 and a 1 year high of $37.82. The firm has a fifty day moving average price of $24.42 and a 200-day moving average price of $27.55.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Analyst Upgrades and Downgrades

APA has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Barclays cut their target price on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Piper Sandler decreased their price target on APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada dropped their price objective 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. Finally, Scotiabank reduced their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.81.

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.