Country Club Bank Raises Position in APA Co. (NASDAQ:APA)

Country Club Bank raised its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 148.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,420 shares of the company's stock after buying an additional 108,492 shares during the quarter. Country Club Bank's holdings in APA were worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Empirical Finance LLC grew its position in APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company's stock worth $765,000 after acquiring an additional 497 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of APA by 16.9% in the third quarter. UMB Bank n.a. now owns 3,556 shares of the company's stock worth $87,000 after buying an additional 513 shares during the period. Segment Wealth Management LLC grew its position in APA by 1.0% in the 3rd quarter. Segment Wealth Management LLC now owns 54,367 shares of the company's stock valued at $1,330,000 after acquiring an additional 535 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Finally, Huntington National Bank increased its stake in APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company's stock worth $42,000 after buying an additional 561 shares during the period. Hedge funds and other institutional investors own 83.01% of the company's stock.

Insider Transactions at APA

In related news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

APA Trading Up 0.1 %

Shares of APA stock traded up $0.03 on Friday, reaching $21.67. The company had a trading volume of 4,885,076 shares, compared to its average volume of 6,460,765. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $8.02 billion, a PE ratio of 3.06 and a beta of 3.15. The firm's 50 day moving average price is $22.76 and its two-hundred day moving average price is $24.77. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. APA's dividend payout ratio (DPR) is presently 14.12%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APA. Wells Fargo & Company cut shares of APA from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Piper Sandler dropped their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. UBS Group reduced their target price on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Barclays reduced their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price target on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $30.65.

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.