Moors & Cabot Inc. Boosts Holdings in APA Co. (NASDAQ:APA)

Moors & Cabot Inc. raised its holdings in shares of APA Co. (NASDAQ:APA) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,329 shares of the company’s stock after buying an additional 1,088 shares during the period. Moors & Cabot Inc.’s holdings in APA were worth $620,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Blair William & Co. IL bought a new position in APA in the 1st quarter worth $256,000. Covestor Ltd raised its stake in shares of APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after buying an additional 470 shares during the period. American International Group Inc. lifted its position in shares of APA by 15.4% during the 1st quarter. American International Group Inc. now owns 99,737 shares of the company’s stock valued at $3,429,000 after buying an additional 13,279 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of APA during the 1st quarter valued at approximately $251,000. Finally, LRI Investments LLC purchased a new stake in APA in the 1st quarter worth approximately $59,000. 83.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APA shares. Mizuho lowered their price target on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. Barclays lowered their target price 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. Scotiabank cut their price target on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their price target on APA from $26.00 to $25.00 in a report on Friday, October 18th. Finally, Susquehanna dropped their price objective on APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Four 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. According to data from MarketBeat, APA has a consensus rating of “Hold” and an average target price of $32.81.

APA Stock Up 1.5 %

Shares of NASDAQ:APA opened at $22.77 on Friday. The company has a 50-day moving average price of $24.34 and a 200 day moving average price of $27.42. 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 12 month low of $21.15 and a 12 month high of $37.82. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 3.22 and a beta of 3.24.

APA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

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.