Janney Montgomery Scott LLC Grows Stock Position in APA Co. (NASDAQ:APA)

Janney Montgomery Scott LLC grew its stake in shares of APA Co. (NASDAQ:APA) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,994 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Janney Montgomery Scott LLC’s holdings in APA were worth $1,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APA. swisspartners Advisors Ltd boosted its holdings in APA by 19.6% in the third quarter. swisspartners Advisors Ltd now owns 206,370 shares of the company’s stock valued at $5,048,000 after purchasing an additional 33,770 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in APA during the 3rd quarter worth $214,000. Hartford Financial Management Inc. grew its stake in APA by 21.9% during the 3rd quarter. Hartford Financial Management Inc. now owns 4,486 shares of the company’s stock valued at $110,000 after acquiring an additional 807 shares in the last quarter. S.A. Mason LLC acquired a new stake in shares of APA in the third quarter valued at approximately $173,000. Finally, Gibraltar Capital Management Inc. increased its stake in shares of APA by 1.1% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 207,578 shares of the company’s stock worth $5,077,000 after acquiring an additional 2,230 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Up 2.6 %

Shares of NASDAQ:APA opened at $22.60 on Friday. APA Co. has a 52-week low of $21.15 and a 52-week high of $38.27. The company has a market capitalization of $8.36 billion, a P/E ratio of 3.19 and a beta of 3.24. The stock’s fifty day simple moving average is $24.57 and its 200-day simple moving average is $27.76. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

Analyst Ratings Changes

Several research firms have recently commented on APA. The Goldman Sachs Group reduced their price target on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. Susquehanna decreased their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Bernstein Bank dropped their price target on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Truist Financial decreased 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. Finally, UBS Group dropped their price objective on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.95.

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.