ING Groep NV Purchases 1,021 Shares of APA Co. (NASDAQ:APA)

ING Groep NV lifted its holdings in APA Co. (NASDAQ:APA) by 1.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 61,382 shares of the company’s stock after acquiring an additional 1,021 shares during the quarter. ING Groep NV’s holdings in APA were worth $1,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Covestor Ltd boosted its position 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 purchasing an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the last quarter. Rothschild Investment LLC bought a new position in APA during the second quarter valued at about $42,000. Huntington National Bank increased its holdings in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position 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 acquiring an additional 1,590 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Price Performance

APA stock opened at $22.38 on Monday. The firm has a 50 day simple moving average of $24.51 and a two-hundred day simple moving average of $27.65. The stock has a market cap of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. APA Co. has a one year low of $21.15 and a one year high of $37.82. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors 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 yield of 4.47%. APA’s dividend payout ratio is presently 14.12%.

Wall Street Analyst Weigh In

APA has been the subject of a number of research reports. UBS Group reduced their target price on shares of APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Scotiabank decreased their target price on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Truist Financial dropped their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Barclays decreased their price objective on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report 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 on the stock in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, APA has an average rating of “Hold” and an average target price of $32.95.

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.