ING Groep NV Has $1.50 Million Position in APA Co. (NASDAQ:APA)

ING Groep NV increased its holdings in shares of APA Co. (NASDAQ:APA) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,382 shares of the company’s stock after buying an additional 1,021 shares during the period. ING Groep NV’s holdings in APA were worth $1,501,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd lifted its holdings in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position 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 last quarter. Rothschild Investment LLC acquired a new stake in shares of APA in the second quarter valued at about $42,000. Huntington National Bank raised its position in shares of APA by 48.8% during 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 lifted its stake in shares of APA by 1,325.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after acquiring an additional 1,590 shares during the period. 83.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Scotiabank decreased their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Susquehanna decreased their price target on APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. Mizuho lowered their price objective on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Finally, The Goldman Sachs Group cut their target price on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, APA has an average rating of “Hold” and a consensus price target of $32.95.

APA Price Performance

Shares of NASDAQ APA opened at $22.38 on Monday. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.24. 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 fifty-two week low of $21.15 and a fifty-two week high of $37.82. The firm’s 50-day simple moving average is $24.51 and its 200 day simple moving average is $27.65.

APA Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.47%. APA’s dividend payout ratio is presently 14.12%.

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.