APA Co. (NASDAQ:APA) Short Interest Update

APA Co. (NASDAQ:APA) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 19,030,000 shares, a growth of 18.7% from the October 31st total of 16,030,000 shares. Based on an average trading volume of 6,530,000 shares, the short-interest ratio is presently 2.9 days. Currently, 5.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APA. Scotiabank reduced their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Barclays reduced their price objective on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. UBS Group reduced their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Truist Financial reduced their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Bernstein Bank reduced their price objective on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Four 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 company. Based on data from MarketBeat, APA currently has an average rating of “Hold” and a consensus price target of $32.57.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Woodstock Corp boosted its stake in APA by 20.3% during the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after acquiring an additional 51,993 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after acquiring an additional 485,291 shares during the last quarter. Victory Capital Management Inc. boosted its stake in APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after acquiring an additional 149,762 shares during the last quarter. Ellis Investment Partners LLC bought a new position in APA during the 2nd quarter worth approximately $2,499,000. Finally, AQR Capital Management LLC boosted its stake in APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after acquiring an additional 767,557 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Trading Down 1.4 %

APA opened at $22.34 on Tuesday. 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 stock has a market capitalization of $8.26 billion, a PE ratio of 3.16 and a beta of 3.24. APA has a 1-year low of $21.15 and a 1-year high of $37.82. The firm has a 50-day moving average price of $24.10 and a two-hundred day moving average price of $27.11.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

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.