Fisher Asset Management LLC Increases Position in APA Co. (NASDAQ:APA)

Fisher Asset Management LLC boosted its holdings in shares of APA Co. (NASDAQ:APA) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,022,548 shares of the company’s stock after purchasing an additional 23,408 shares during the period. Fisher Asset Management LLC owned about 0.28% of APA worth $25,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its position in APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares during the period. Rothschild Investment LLC acquired a new position in APA during the second quarter valued at $42,000. GPS Wealth Strategies Group LLC lifted its position in APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after purchasing an additional 1,590 shares during the period. Huntington National Bank lifted its position in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the period. Finally, LRI Investments LLC acquired a new position in APA during the first quarter valued at $59,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APA has been the subject of a number of research reports. Truist Financial decreased their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Scotiabank decreased their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Citigroup decreased their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group decreased their price objective on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. Finally, Evercore ISI decreased their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.57.

APA Price Performance

Shares of NASDAQ APA opened at $22.52 on Thursday. APA Co. has a 12-month low of $21.15 and a 12-month high of $37.82. The stock has a market cap of $8.33 billion, a PE ratio of 3.18 and a beta of 3.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $24.25 and a 200 day moving average of $27.27.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.44%. APA’s dividend payout ratio is presently 14.12%.

About APA

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.