Orion Portfolio Solutions LLC Has $468,000 Stock Holdings in APA Co. (NASDAQ:APA)

Orion Portfolio Solutions LLC trimmed its position in APA Co. (NASDAQ:APA) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,135 shares of the company’s stock after selling 6,074 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in APA were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. Harris Associates L P lifted its position in shares of APA by 20.8% during the 3rd 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 period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of 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 acquiring an additional 3,411,270 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 2,736,041 shares during the period. Mizuho Securities USA LLC lifted its position in shares of APA by 3,450.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after buying an additional 958,141 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock worth $42,092,000 after buying an additional 767,557 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

Shares of APA stock opened at $21.05 on Wednesday. The business’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $26.44. The firm has a market capitalization of $7.79 billion, a P/E ratio of 2.97 and a beta of 3.18. APA Co. has a 12 month low of $20.45 and a 12 month high of $37.82. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. APA’s dividend payout ratio (DPR) is currently 14.12%.

Insider Buying and Selling

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. The trade was a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APA. Piper Sandler dropped their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. Bernstein Bank dropped their price objective on APA from $30.00 to $28.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. dropped their price objective on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group dropped their target price on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Finally, Truist Financial dropped their target price on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has issued 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 $31.14.

About APA

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.