Fisher Asset Management LLC Boosts Holdings in APA Co. (NASDAQ:APA)

Fisher Asset Management LLC grew its position in APA Co. (NASDAQ:APA) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,022,548 shares of the company’s stock after purchasing an additional 23,408 shares during the period. Fisher Asset Management LLC’s holdings in APA were worth $25,012,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after buying an additional 1,079 shares during the period. Rothschild Investment LLC purchased a new stake in shares of APA in the 2nd quarter valued at approximately $42,000. Huntington National Bank grew its stake in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of APA by 1,325.0% during the 2nd 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 during the period. Finally, Carolina Wealth Advisors LLC purchased a new position in shares of APA during the 2nd quarter worth approximately $57,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of APA opened at $22.52 on Thursday. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82. The firm’s fifty day simple moving average is $24.25 and its 200-day simple moving average is $27.27. The firm has a market capitalization of $8.33 billion, a price-to-earnings 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.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APA. Piper Sandler lowered their price objective on shares of APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Bernstein Bank lowered their price objective on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Wells Fargo & Company lowered their price objective on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Evercore ISI lowered 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. Finally, Mizuho lowered their price objective on shares of APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.57.

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.