APA Co. (NASDAQ:APA) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its stake in APA Co. (NASDAQ:APA) by 65.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,939 shares of the company’s stock after selling 286,594 shares during the period. Empowered Funds LLC’s holdings in APA were worth $3,668,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Empirical Finance LLC increased its stake in shares of APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after purchasing an additional 497 shares during the period. CIBC Asset Management Inc grew its holdings in APA by 9.0% in the 3rd quarter. CIBC Asset Management Inc now owns 63,153 shares of the company’s stock worth $1,545,000 after buying an additional 5,202 shares in the last quarter. ING Groep NV grew its holdings in APA by 1.7% in the 3rd quarter. ING Groep NV now owns 61,382 shares of the company’s stock worth $1,501,000 after buying an additional 1,021 shares in the last quarter. Huntington National Bank increased its position in APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in APA by 13.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 75,655 shares of the company’s stock valued at $1,851,000 after acquiring an additional 9,081 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APA has been the subject of several recent analyst reports. Evercore ISI decreased their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research note on Monday, September 30th. Bernstein Bank decreased their target price on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Scotiabank dropped their price target on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company reduced their price target 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. Finally, Barclays lowered their price objective 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. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, APA has an average rating of “Hold” and a consensus target price of $32.81.

APA Stock Up 0.4 %

APA stock opened at $22.46 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. APA Co. has a 1-year low of $21.15 and a 1-year high of $37.82. The firm’s fifty day simple moving average is $24.46 and its 200-day simple moving average is $27.60. The company has a market capitalization of $8.31 billion, a P/E ratio of 3.17 and a beta of 3.24.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.45%. 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.