Campbell & CO Investment Adviser LLC Takes $489,000 Position in APA Co. (NASDAQ:APA)

Campbell & CO Investment Adviser LLC bought a new position in shares of APA Co. (NASDAQ:APAFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,907 shares of the company’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in APA by 117.8% during the first quarter. Covestor Ltd now owns 808 shares of the company’s stock worth $33,000 after purchasing an additional 437 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of APA in the 3rd quarter valued at $34,000. Money Concepts Capital Corp lifted its stake in shares of APA by 228.6% in the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock valued at $34,000 after acquiring an additional 503 shares during the last quarter. Quarry LP lifted its stake in shares of APA by 2,535.1% in the 1st quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after acquiring an additional 938 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of APA by 70.3% in the 1st quarter. Harbour Investments Inc. now owns 1,112 shares of the company’s stock valued at $40,000 after acquiring an additional 459 shares during the last quarter. 80.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their price target on APA from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, January 5th. Wells Fargo & Company dropped their price target on APA from $53.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, November 22nd. Raymond James dropped their price target on APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. UBS Group dropped their price target on APA from $48.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, December 14th. Finally, Susquehanna decreased their price objective on APA from $53.00 to $50.00 and set a “positive” rating for the company in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.28.

Read Our Latest Analysis on APA

APA Stock Performance

Shares of APA stock opened at $30.48 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.65. The business has a 50-day moving average price of $33.32 and a two-hundred day moving average price of $38.11. APA Co. has a 1-year low of $29.47 and a 1-year high of $46.15. The company has a market cap of $9.35 billion, a P/E ratio of 6.25, a PEG ratio of 4.89 and a beta of 3.31.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. APA’s payout ratio is currently 20.49%.

APA Company Profile

(Free Report)

APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.

Further Reading

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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