Mizuho Securities USA LLC Has $24.12 Million Holdings in APA Co. (NASDAQ:APA)

Mizuho Securities USA LLC boosted its holdings in shares of APA Co. (NASDAQ:APA) by 3,450.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 985,907 shares of the company’s stock after purchasing an additional 958,141 shares during the period. Mizuho Securities USA LLC owned 0.27% of APA worth $24,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Sunpointe LLC raised its holdings in shares of APA by 2.8% in the second quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock valued at $391,000 after buying an additional 362 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of APA by 12.0% during the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock worth $105,000 after purchasing an additional 380 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of APA by 6.7% during the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after purchasing an additional 429 shares during the last quarter. Covestor Ltd grew its stake in shares of APA by 75.4% during the first 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. Finally, Signaturefd LLC increased its holdings in shares of APA by 7.1% in the second quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock valued at $209,000 after purchasing an additional 472 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Susquehanna reduced their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Bernstein Bank cut their price target on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Truist Financial lowered their price objective on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Evercore ISI dropped their price objective on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Finally, Royal Bank of Canada reduced their target price on shares of 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 issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average target price of $32.95.

APA Stock Performance

Shares of APA stock opened at $22.38 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.24. The firm’s 50-day simple moving average is $24.51 and its two-hundred day simple moving average is $27.69. APA Co. has a 52 week low of $21.15 and a 52 week high of $37.82.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

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.