CreativeOne Wealth LLC Acquires New Stake in APA Co. (NASDAQ:APA)

CreativeOne Wealth LLC acquired a new stake in APA Co. (NASDAQ:APA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 8,943 shares of the company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APA. Whittier Trust Co. of Nevada Inc. grew its position in APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after buying an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of APA during the 2nd quarter worth $42,000. Huntington National Bank boosted 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 worth $42,000 after purchasing an additional 561 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its position 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 in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of APA during the 2nd quarter worth $57,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Trading Up 0.4 %

Shares of APA stock opened at $22.42 on Wednesday. The firm has a 50-day moving average price of $24.04 and a 200 day moving average price of $27.05. APA Co. has a twelve month low of $21.15 and a twelve month high of $37.82. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 3.17 and a beta of 3.18. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Mizuho decreased their target price on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada decreased 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 report on Monday, November 11th. UBS Group cut their price target on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, Piper Sandler cut their price target on APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $32.57.

APA 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.