Radnor Capital Management LLC Sells 5,200 Shares of APA Co. (NASDAQ:APA)

Radnor Capital Management LLC cut its holdings in shares of APA Co. (NASDAQ:APA) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,951 shares of the company’s stock after selling 5,200 shares during the period. Radnor Capital Management LLC’s holdings in APA were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APA. Wealth Enhancement Advisory Services LLC increased its stake in shares of APA by 35.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,945 shares of the company’s stock valued at $514,000 after buying an additional 3,902 shares in the last quarter. Norden Group LLC bought a new position in shares of APA in the first quarter worth about $355,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of APA by 208.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,640 shares of the company’s stock worth $6,367,000 after purchasing an additional 123,404 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of APA by 10.6% during the first quarter. Janney Montgomery Scott LLC now owns 106,633 shares of the company’s stock valued at $3,666,000 after purchasing an additional 10,218 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of APA by 10.7% in the first quarter. Nordea Investment Management AB now owns 44,864 shares of the company’s stock valued at $1,536,000 after purchasing an additional 4,330 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Up 4.9 %

Shares of APA stock opened at $24.73 on Thursday. APA Co. has a 12-month low of $22.72 and a 12-month high of $38.65. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average of $25.30 and a 200-day moving average of $28.19. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 2.70 and a beta of 3.24.

APA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays reduced their price objective on APA from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. UBS Group lowered their price objective on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Scotiabank cut their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on shares of APA from $26.00 to $25.00 in a research note on Friday, October 18th. Finally, Wolfe Research started coverage on shares of APA in a report on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.18.

APA Company 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.