Olympiad Research LP Makes New $280,000 Investment in APA Co. (NASDAQ:APA)

Olympiad Research LP purchased a new position in shares of APA Co. (NASDAQ:APA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,441 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. Covestor Ltd increased its holdings in shares of APA by 75.4% in the first 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 holdings in shares of APA by 386.7% in the second 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 acquired a new position in shares of APA in the second quarter valued at $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 valued at $50,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of APA in the second quarter valued at $57,000. 83.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler decreased their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. The Goldman Sachs Group decreased their price target on shares of APA from $26.00 to $25.00 in a research note on Friday, October 18th. 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 note on Wednesday, September 18th. Susquehanna decreased their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Wolfe Research started coverage on shares of APA in a research note on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.18.

APA Stock Down 11.3 %

APA stock opened at $21.93 on Friday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 2.39 and a beta of 3.24. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a 12 month low of $21.91 and a 12 month high of $38.27. The firm has a 50-day moving average price of $25.07 and a 200-day moving average price of $28.12.

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 is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. APA’s dividend payout ratio (DPR) is currently 10.91%.

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.