Barnett & Company Inc. Has $1.09 Million Holdings in APA Co. (NASDAQ:APA)

Barnett & Company Inc. decreased its holdings in shares of APA Co. (NASDAQ:APA) by 28.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,593 shares of the company’s stock after selling 18,025 shares during the quarter. Barnett & Company Inc.’s holdings in APA were worth $1,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunpointe LLC grew its holdings in shares of APA by 2.8% during the 2nd quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after purchasing an additional 362 shares in the last quarter. GAMMA Investing LLC lifted its holdings in APA by 12.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock valued at $105,000 after purchasing an additional 380 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in APA by 6.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after buying an additional 429 shares in the last quarter. Inspire Investing LLC raised its position in APA by 3.7% in the 1st quarter. Inspire Investing LLC now owns 12,932 shares of the company’s stock valued at $445,000 after purchasing an additional 457 shares during the last quarter. Finally, Covestor Ltd grew its holdings in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bernstein Bank reduced their price objective on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Citigroup decreased their price target on shares of APA from $32.00 to $29.00 in a report on Friday, October 18th. Mizuho dropped their price objective on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada decreased their target price on APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Evercore ISI dropped their price target on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.50.

APA Price Performance

NASDAQ APA traded up $0.08 during midday trading on Tuesday, hitting $22.25. The company had a trading volume of 1,782,184 shares, compared to its average volume of 6,233,979. The company has a market capitalization of $8.23 billion, a PE ratio of 3.17 and a beta of 3.24. APA Co. has a twelve month low of $21.15 and a twelve month high of $38.27. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $24.81 and a 200-day moving average price of $27.92.

APA Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 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.