MeadowBrook Investment Advisors LLC Has $554,000 Position in APA Co. (NASDAQ:APA)

MeadowBrook Investment Advisors LLC lowered its position in shares of APA Co. (NASDAQ:APA) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,657 shares of the company’s stock after selling 775 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in APA were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APA. Russell Investments Group Ltd. lifted its stake in APA by 67.7% in the first quarter. Russell Investments Group Ltd. now owns 123,843 shares of the company’s stock valued at $4,257,000 after buying an additional 50,016 shares in the last quarter. US Bancorp DE lifted its stake in APA by 16.3% in the first quarter. US Bancorp DE now owns 48,479 shares of the company’s stock valued at $1,667,000 after buying an additional 6,807 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in APA by 22.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,626 shares of the company’s stock valued at $297,000 after buying an additional 1,610 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in APA by 10.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 392,790 shares of the company’s stock valued at $14,164,000 after buying an additional 37,212 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in APA by 23.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 365,474 shares of the company’s stock valued at $12,565,000 after buying an additional 68,244 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock traded up $0.41 on Thursday, hitting $22.43. The company’s stock had a trading volume of 908,410 shares, compared to its average volume of 6,235,700. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50 day moving average is $24.64 and its 200-day moving average is $27.80. APA Co. has a fifty-two week low of $21.15 and a fifty-two week high of $38.27. The company has a market capitalization of $8.30 billion, a PE ratio of 3.11 and a beta of 3.24.

APA Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.46%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bernstein Bank cut their price target on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Piper Sandler cut their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Truist Financial cut their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Wolfe Research initiated coverage on shares of APA in a research report on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, APA currently has an average rating of “Hold” and a consensus price target 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.