APA Co. (NASDAQ:APA) Short Interest Update

APA Co. (NASDAQ:APA) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 16,030,000 shares, a decrease of 15.5% from the October 15th total of 18,970,000 shares. Based on an average trading volume of 6,050,000 shares, the short-interest ratio is currently 2.6 days. Approximately 4.4% of the shares of the company are short sold.

APA Stock Performance

NASDAQ APA opened at $22.38 on Friday. The firm 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 50-day simple moving average of $24.51 and a two-hundred day simple moving average of $27.67. 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 has a 12-month low of $21.15 and a 12-month high of $37.82.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Institutional Investors Weigh In On APA

Several institutional investors have recently added to or reduced their stakes in the company. Harris Associates L P raised its stake in shares of APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after acquiring an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after purchasing an additional 3,411,270 shares during the period. Dimensional Fund Advisors LP raised its position in APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after purchasing an additional 2,736,041 shares during the last quarter. Vanguard Group Inc. lifted its holdings in APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after buying an additional 2,004,555 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in shares of APA by 3,450.8% during the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock valued at $24,115,000 after buying an additional 958,141 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reduced their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group decreased their price target on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Evercore ISI cut their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Truist Financial decreased their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Scotiabank reduced their price target 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. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.