Marco Investment Management LLC Raises Position in APA Co. (NASDAQ:APA)

Marco Investment Management LLC lifted its stake in APA Co. (NASDAQ:APA) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 62,299 shares of the company’s stock after buying an additional 1,101 shares during the period. Marco Investment Management LLC’s holdings in APA were worth $1,524,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Covestor Ltd grew its holdings in APA by 75.4% during the 1st 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. lifted its stake in shares of APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after acquiring an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new position in APA during the 2nd quarter valued at $42,000. GPS Wealth Strategies Group LLC boosted its holdings in APA by 1,325.0% during the 2nd 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 period. Finally, Huntington National Bank grew its position in APA by 48.8% in the 3rd 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. Institutional investors own 83.01% of the company’s stock.

Analysts Set New Price Targets

APA has been the subject of several research analyst reports. UBS Group decreased their target price on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. JPMorgan Chase & Co. decreased their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Citigroup dropped their target price on shares of APA from $32.00 to $29.00 in a research note on Friday, October 18th. Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their price objective on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.81.

APA Trading Up 1.5 %

NASDAQ APA opened at $22.77 on Friday. The firm has a market cap of $8.42 billion, a PE ratio of 3.22 and a beta of 3.24. APA Co. has a 52 week low of $21.15 and a 52 week high of $37.82. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average price of $24.34 and a 200 day moving average price of $27.40.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. APA’s payout ratio is 14.12%.

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.