Ferguson Wellman Capital Management Inc. Has $206,000 Position in APA Co. (NASDAQ:APA)

Ferguson Wellman Capital Management Inc. reduced its position in shares of APA Co. (NASDAQ:APA) by 37.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,433 shares of the company’s stock after selling 5,015 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in APA were worth $206,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in APA by 48.8% during the 3rd 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. Oppenheimer & Co. Inc. raised its stake in APA by 13.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 75,655 shares of the company’s stock valued at $1,851,000 after purchasing an additional 9,081 shares during the period. Victory Capital Management Inc. raised its stake in APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock valued at $30,852,000 after purchasing an additional 149,762 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in APA by 3.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,239 shares of the company’s stock valued at $25,102,000 after purchasing an additional 38,651 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of APA in the third quarter worth $281,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Up 2.6 %

APA stock opened at $22.60 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 52-week low of $21.15 and a 52-week high of $38.27. The company has a 50-day moving average of $24.57 and a two-hundred day moving average of $27.76. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 3.19 and a beta of 3.24.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

Analyst Ratings Changes

A number of research firms have recently weighed in on APA. UBS Group dropped their price target on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Scotiabank dropped their price target on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on shares of APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Citigroup dropped their price target on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Finally, Piper Sandler dropped their price target on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Four research 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’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and a consensus target price 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.