abrdn plc boosted its position in shares of APA Co. (NASDAQ:APA - Free Report) by 48.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,311 shares of the company's stock after acquiring an additional 35,317 shares during the period. abrdn plc's holdings in APA were worth $2,504,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Harris Associates L P increased its stake in APA by 20.8% in the third quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock valued at $609,414,000 after acquiring an additional 4,293,932 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock valued at $745,341,000 after purchasing an additional 3,411,270 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of APA by 3,450.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company's stock valued at $24,115,000 after purchasing an additional 958,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of APA by 17.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company's stock worth $100,351,000 after buying an additional 600,612 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after buying an additional 485,291 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.
Insider Transactions at APA
In other APA news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares of the company's stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on APA shares. The Goldman Sachs Group dropped their price objective on APA from $25.00 to $22.00 and set a "sell" rating for the company in a research note on Friday, January 3rd. Piper Sandler dropped their target price on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Barclays reduced their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday, November 8th. Raymond James raised their price objective on shares of APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Bernstein Bank reduced their target price on APA from $30.00 to $28.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, APA currently has an average rating of "Hold" and an average price target of $30.65.
View Our Latest Report on APA
APA Stock Up 0.5 %
NASDAQ:APA traded up $0.12 on Thursday, hitting $22.49. 6,172,828 shares of the company's stock were exchanged, compared to its average volume of 6,402,832. The company has a market cap of $8.32 billion, a P/E ratio of 3.18 and a beta of 3.15. The firm has a 50-day moving average price of $22.81 and a 200-day moving average price of $24.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 52 week low of $20.32 and a 52 week high of $36.04.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.45%. APA's dividend payout ratio is 14.12%.
APA Company Profile
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Free Report)
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.
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