Janney Montgomery Scott LLC Buys 2,500 Shares of APA Co. (NASDAQ:APA)

Janney Montgomery Scott LLC raised its stake in APA Co. (NASDAQ:APA) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,994 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Janney Montgomery Scott LLC’s holdings in APA were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. Covestor Ltd boosted its position in 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 APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after acquiring an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new position in APA in the 2nd quarter worth $42,000. GPS Wealth Strategies Group LLC increased its holdings 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 buying an additional 1,590 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in APA in the second quarter valued at approximately $57,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of APA stock opened at $22.60 on Friday. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 3.19 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 Co. has a twelve month low of $21.15 and a twelve month high of $38.27. The stock has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $27.76.

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 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho reduced their target price on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. UBS Group decreased their price target on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lowered their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday. Barclays dropped their price objective 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. Finally, Piper Sandler cut their price objective on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, APA presently has an average rating of “Hold” and an average target price of $32.95.

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.