APA Co. (NASDAQ:APA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in APA Co. (NASDAQ:APA - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,580 shares of the company's stock after selling 45,612 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of APA worth $4,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APA. Blue Trust Inc. raised its stake in shares of APA by 164.2% in the third quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock worth $63,000 after purchasing an additional 1,604 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in APA by 87.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,019 shares of the company's stock worth $392,000 after buying an additional 7,490 shares during the period. Signaturefd LLC raised its position in APA by 46.8% during the 3rd quarter. Signaturefd LLC now owns 10,431 shares of the company's stock worth $255,000 after buying an additional 3,323 shares during the last quarter. Courier Capital LLC lifted its stake in APA by 510.6% during the 3rd quarter. Courier Capital LLC now owns 51,900 shares of the company's stock valued at $1,269,000 after acquiring an additional 43,400 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of APA in the 3rd quarter valued at $11,210,000. Hedge funds and other institutional investors own 83.01% of the company's stock.

APA Price Performance

APA stock traded down $0.83 during trading on Friday, hitting $22.79. The stock had a trading volume of 6,791,829 shares, compared to its average volume of 6,497,021. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. The company's 50-day moving average price is $22.92 and its two-hundred day moving average price is $24.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio is presently 14.12%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APA. Raymond James raised their target price 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. Piper Sandler reduced their price objective on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. Citigroup reduced their price target on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Finally, Truist Financial lowered their price objective on APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $30.65.

Insider Buying and Selling

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the business's stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

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.