APA Co. (NASDAQ:APA) Holdings Decreased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its holdings in shares of APA Co. (NASDAQ:APA) by 52.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,119 shares of the company’s stock after selling 18,740 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in APA were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of APA during the 2nd quarter worth about $42,000. Huntington National Bank lifted its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ APA opened at $22.38 on Friday. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.24. The business has a 50-day moving average of $24.51 and a 200-day moving average of $27.67. 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.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is currently 14.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APA shares. JPMorgan Chase & Co. cut their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup lowered their price objective on APA from $32.00 to $29.00 in a research note on Friday, October 18th. Susquehanna lowered 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. Truist Financial lowered their price objective on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Scotiabank decreased their price target on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.95.

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.