Quantinno Capital Management LP Buys 4,787 Shares of APA Co. (NASDAQ:APA)

Quantinno Capital Management LP lifted its holdings in shares of APA Co. (NASDAQ:APA) by 11.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,393 shares of the company’s stock after acquiring an additional 4,787 shares during the quarter. Quantinno Capital Management LP’s holdings in APA were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harris Associates L P grew its position in shares of APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock worth $609,414,000 after purchasing an additional 4,293,932 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in APA during the 3rd quarter valued at about $7,238,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after buying an additional 3,411,270 shares during the period. Chevy Chase Trust Holdings LLC raised its holdings in APA by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 198,327 shares of the company’s stock worth $4,851,000 after purchasing an additional 1,772 shares during the period. Finally, Concentric Capital Strategies LP acquired a new position in APA in the 3rd quarter worth about $2,313,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APA. Bernstein Bank lowered their price objective on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Wells Fargo & Company decreased their price target on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Citigroup dropped their price target on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. The Goldman Sachs Group dropped their target price on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Finally, Scotiabank decreased their price target on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.52.

APA Price Performance

NASDAQ:APA opened at $22.94 on Friday. APA Co. has a 52 week low of $20.95 and a 52 week high of $37.82. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 3.24 and a beta of 3.18. The firm’s 50-day simple moving average is $23.59 and its 200 day simple moving average is $26.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Wednesday, January 22nd. APA’s dividend payout ratio is 14.12%.

Insider Buying and Selling

In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.