MeadowBrook Investment Advisors LLC Has $554,000 Stock Position in APA Co. (NASDAQ:APA)

MeadowBrook Investment Advisors LLC cut its holdings in shares of APA Co. (NASDAQ:APA) by 3.3% in the 3rd quarter, Holdings Channel reports. The firm owned 22,657 shares of the company’s stock after selling 775 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in APA were worth $554,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Covestor Ltd increased its stake in shares of 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 purchasing an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased 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 purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of APA in the 2nd quarter valued at $42,000. GPS Wealth Strategies Group LLC increased its stake in shares of APA by 1,325.0% in the 2nd 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 last quarter. Finally, Huntington National Bank grew its position in APA by 48.8% during the 3rd 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. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on APA shares. UBS Group reduced their price objective on APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. The Goldman Sachs Group reduced their price objective on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Scotiabank reduced their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Wolfe Research started coverage on APA in a research report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price objective on the stock. Finally, Bernstein Bank reduced their price objective on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.95.

APA Stock Performance

Shares of APA stock traded up $0.41 during trading on Thursday, hitting $22.43. The company’s stock had a trading volume of 908,410 shares, compared to its average volume of 6,235,700. The company has a market cap of $8.30 billion, a PE ratio of 3.11 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 business has a fifty day moving average of $24.64 and a 200-day moving average of $27.80. APA Co. has a 52 week low of $21.15 and a 52 week high of $38.27.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Tuesday, October 22nd. 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.