Natixis Advisors LLC Buys 13,266 Shares of APA Co. (NASDAQ:APA)

Natixis Advisors LLC lifted its stake in APA Co. (NASDAQ:APA) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,334 shares of the company’s stock after buying an additional 13,266 shares during the quarter. Natixis Advisors LLC’s holdings in APA were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Woodstock Corp grew its holdings in shares of APA by 20.3% in the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock valued at $7,540,000 after purchasing an additional 51,993 shares in the last quarter. Ellis Investment Partners LLC bought a new position in shares of APA in the 2nd quarter valued at about $2,499,000. AQR Capital Management LLC grew its position in APA by 112.6% in the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after acquiring an additional 767,557 shares in the last quarter. Victory Capital Management Inc. increased its stake in APA by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after acquiring an additional 149,762 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in APA by 50.2% during the second quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock valued at $29,002,000 after purchasing an additional 329,462 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APA has been the topic of several recent research reports. Citigroup decreased their price target on APA from $32.00 to $29.00 in a report on Friday, October 18th. Bernstein Bank cut their price target on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Scotiabank decreased their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Susquehanna cut their target price on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Barclays decreased their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Four 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.81.

APA Stock Up 1.5 %

NASDAQ:APA opened at $22.77 on Monday. The firm has a market capitalization of $8.42 billion, a P/E ratio of 3.22 and a beta of 3.24. The company’s fifty day moving average price is $24.34 and its 200-day moving average price is $27.38. APA Co. has a 1-year low of $21.15 and a 1-year high of $37.82. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 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.