State of New Jersey Common Pension Fund D Sells 8,526 Shares of APA Co. (NASDAQ:APA)

State of New Jersey Common Pension Fund D cut its stake in shares of APA Co. (NASDAQ:APAFree Report) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174,102 shares of the company’s stock after selling 8,526 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of APA worth $7,156,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Money Concepts Capital Corp grew its position in shares of APA by 228.6% during the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock valued at $34,000 after acquiring an additional 503 shares during the period. Covestor Ltd grew its position in shares of APA by 117.8% during the 1st quarter. Covestor Ltd now owns 808 shares of the company’s stock valued at $33,000 after acquiring an additional 437 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of APA during the 3rd quarter valued at $34,000. Quarry LP grew its position in shares of APA by 2,535.1% during the 1st quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after acquiring an additional 938 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of APA by 70.3% during the 1st quarter. Harbour Investments Inc. now owns 1,112 shares of the company’s stock valued at $40,000 after acquiring an additional 459 shares during the period. Institutional investors own 80.48% of the company’s stock.

APA Stock Up 2.0 %

Shares of NASDAQ APA opened at $30.48 on Tuesday. The firm’s 50-day moving average price is $33.32 and its 200-day moving average price is $38.11. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 6.25, a P/E/G ratio of 4.89 and a beta of 3.31. APA Co. has a 12-month low of $29.47 and a 12-month high of $46.15.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is 20.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price objective on shares of APA in a research report on Thursday, November 16th. Mizuho dropped their target price on shares of APA from $49.00 to $42.00 and set an “underperform” rating for the company in a report on Friday, November 10th. UBS Group dropped their target price on shares of APA from $48.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, December 14th. Benchmark dropped their target price on shares of APA from $46.00 to $43.00 and set a “buy” rating for the company in a report on Monday, November 13th. Finally, Wells Fargo & Company dropped their target price on shares of APA from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.28.

Read Our Latest Stock Analysis on APA

APA Company Profile

(Free Report)

APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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