Harvest Portfolios Group Inc. Has $1.31 Million Holdings in APA Co. (NASDAQ:APA)

Harvest Portfolios Group Inc. raised its stake in shares of APA Co. (NASDAQ:APA) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 53,440 shares of the company’s stock after purchasing an additional 3,924 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in APA were worth $1,307,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 in the last quarter. Rothschild Investment LLC bought a new position in APA during the second quarter worth about $42,000. GPS Wealth Strategies Group LLC grew its stake in APA by 1,325.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after acquiring an additional 1,590 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of APA during the second quarter worth about $57,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Trading Up 4.9 %

NASDAQ APA opened at $24.73 on Thursday. APA Co. has a one year low of $22.72 and a one year high of $38.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day simple moving average of $25.30 and a 200 day simple moving average of $28.19. The stock has a market capitalization of $9.15 billion, a P/E ratio of 2.70 and a beta of 3.24.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.04%. APA’s dividend payout ratio is presently 10.91%.

Analysts Set New Price Targets

APA has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of APA from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Piper Sandler reduced their target price on shares of APA from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of APA in a research note on Tuesday, September 17th. Susquehanna dropped their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Citigroup decreased their price objective on shares of APA from $32.00 to $29.00 in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, APA has a consensus rating of “Hold” and a consensus target price of $34.18.

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.