iA Global Asset Management Inc. Sells 27,168 Shares of APA Co. (NASDAQ:APA)

iA Global Asset Management Inc. cut its stake in shares of APA Co. (NASDAQ:APA) by 71.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,750 shares of the company’s stock after selling 27,168 shares during the period. iA Global Asset Management Inc.’s holdings in APA were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APA. Whittier Trust Co. of Nevada Inc. grew 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 acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC bought a new position in APA in the 2nd quarter valued at $42,000. Huntington National Bank increased its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of APA by 164.2% in the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after buying an additional 1,604 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Up 0.0 %

APA stock opened at $22.26 on Wednesday. The company’s 50 day moving average is $23.73 and its 200 day moving average is $26.70. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 3.14 and a beta of 3.19. 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 1-year low of $20.95 and a 1-year high of $37.82.

Analysts Set New Price Targets

APA has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday. Susquehanna dropped 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. Wells Fargo & Company decreased their target price on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Truist Financial dropped their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Citigroup decreased 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 equities research 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 has a consensus rating of “Hold” and an average price target of $32.52.

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.