APA Co. (NASDAQ:APA) Shares Bought by Hartford Financial Management Inc.

Hartford Financial Management Inc. grew its stake in shares of APA Co. (NASDAQ:APA) by 21.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,486 shares of the company’s stock after acquiring an additional 807 shares during the period. Hartford Financial Management Inc.’s holdings in APA were worth $110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APA. Sunpointe LLC grew its stake in APA by 2.8% in the 2nd quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after acquiring an additional 362 shares during the period. GAMMA Investing LLC grew its stake in APA by 12.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the period. Citizens Financial Group Inc. RI grew its stake in APA by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after acquiring an additional 429 shares during the period. Inspire Investing LLC grew its stake in APA by 3.7% in the 1st quarter. Inspire Investing LLC now owns 12,932 shares of the company’s stock worth $445,000 after acquiring an additional 457 shares during the period. Finally, Covestor Ltd grew its stake in APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APA has been the subject of several recent analyst reports. Bernstein Bank lowered their target price on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. lowered their price objective on shares of APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Wells Fargo & Company lowered their price objective 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. Wolfe Research initiated coverage on shares of APA in a research note on Thursday, July 18th. They set an “outperform” rating and a $42.00 price objective for the company. Finally, Piper Sandler lowered their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus price target of $34.18.

APA Stock Performance

Shares of APA stock opened at $23.60 on Friday. APA Co. has a 12 month low of $22.72 and a 12 month high of $40.93. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $8.73 billion, a P/E ratio of 2.57 and a beta of 3.23. The company’s fifty day moving average price is $25.61 and its two-hundred day moving average price is $28.44.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 41.6% compared to the same quarter last year. On average, research analysts anticipate that APA Co. will post 4.01 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. APA’s dividend payout ratio (DPR) is presently 10.91%.

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.