Raymond James Trust N.A. Has $491,000 Stock Holdings in APA Co. (NASDAQ:APA)

Raymond James Trust N.A. increased its position in shares of APA Co. (NASDAQ:APA) by 22.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,071 shares of the company’s stock after buying an additional 3,623 shares during the period. Raymond James Trust N.A.’s holdings in APA were worth $491,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APA. Lazard Asset Management LLC grew its holdings in APA by 4.9% in the 1st quarter. Lazard Asset Management LLC now owns 11,259 shares of the company’s stock valued at $387,000 after buying an additional 530 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in APA by 8.6% during the first quarter. Public Employees Retirement System of Ohio now owns 139,365 shares of the company’s stock worth $4,791,000 after acquiring an additional 10,981 shares during the period. California State Teachers Retirement System raised its stake in APA by 3.3% during the 1st quarter. California State Teachers Retirement System now owns 443,818 shares of the company’s stock valued at $15,258,000 after purchasing an additional 14,069 shares during the last quarter. Comerica Bank boosted its holdings in APA by 0.9% in the 1st quarter. Comerica Bank now owns 176,535 shares of the company’s stock valued at $6,069,000 after purchasing an additional 1,641 shares during the period. Finally, Webs Creek Capital Management LP acquired a new stake in APA in the 1st quarter worth $28,593,000. 83.01% of the stock is owned by institutional investors.

APA Trading Down 0.7 %

NASDAQ:APA opened at $22.52 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. APA Co. has a fifty-two week low of $21.15 and a fifty-two week high of $37.82. The business’s 50-day simple moving average is $24.31 and its 200-day simple moving average is $27.32. The stock has a market capitalization of $8.33 billion, a PE ratio of 3.18 and a beta of 3.24.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Wall Street Analyst Weigh In

APA has been the subject of several research reports. Wells Fargo & Company reduced their target price 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. Evercore ISI decreased their price objective on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a report on Monday, September 30th. Mizuho cut their target price on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. Barclays decreased their price target 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. Finally, Susquehanna dropped their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Four equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.57.

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.