Legacy Investment Solutions LLC Purchases New Holdings in APA Co. (NASDAQ:APA)

Legacy Investment Solutions LLC acquired a new position in shares of APA Co. (NASDAQ:APA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,726 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds have also modified their holdings of APA. Whittier Trust Co. of Nevada Inc. grew 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 period. Rothschild Investment LLC bought a new stake in APA during the second quarter worth about $42,000. Huntington National Bank raised its stake in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the last quarter. GPS Wealth Strategies Group LLC raised 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 valued at $50,000 after acquiring an additional 1,590 shares during the last quarter. Finally, Blue Trust Inc. grew its position in APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after acquiring an additional 1,604 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Price Performance

APA opened at $21.42 on Friday. APA Co. has a 12 month low of $20.95 and a 12 month high of $37.82. The company has a fifty day simple moving average of $23.84 and a 200 day simple moving average of $26.83. The stock has a market cap of $7.92 billion, a P/E ratio of 3.03 and a beta of 3.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. APA’s payout ratio is 14.12%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Susquehanna reduced their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Evercore ISI reduced their price target on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. The Goldman Sachs Group lowered their price objective on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. Mizuho dropped their target price 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, Citigroup dropped their price objective on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.57.

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.