APA Co. (NASDAQ:APA) Shares Purchased by Archer Investment Corp

Archer Investment Corp increased its holdings in shares of APA Co. (NASDAQ:APA) by 95,700.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,580 shares of the company’s stock after acquiring an additional 9,570 shares during the period. Archer Investment Corp’s holdings in APA were worth $234,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its stake in APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after buying an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of APA in the second quarter valued at approximately $42,000. Huntington National Bank boosted its stake in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of APA by 1,325.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APA. Citigroup decreased their price objective on APA from $32.00 to $29.00 in a report on Friday, October 18th. UBS Group reduced their price target on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. The Goldman Sachs Group lowered their price target on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. Piper Sandler decreased their target price on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, APA currently has an average rating of “Hold” and an average target price of $32.95.

APA Stock Down 1.0 %

Shares of APA opened at $22.38 on Friday. 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 Co. has a 1 year low of $21.15 and a 1 year high of $37.82. The stock has a market capitalization of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. The company’s 50-day simple moving average is $24.51 and its 200-day simple moving average is $27.69.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is currently 14.12%.

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.