New York State Teachers Retirement System boosted its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 400,409 shares of the company's stock after purchasing an additional 28,664 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of APA worth $9,245,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its position in APA by 84.1% in the 3rd 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. Wilmington Savings Fund Society FSB lifted its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after buying an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after buying an additional 780 shares in the last quarter. Huntington National Bank increased its stake in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after acquiring an additional 561 shares during the period. Finally, Eastern Bank raised its holdings in APA by 355.0% in the 4th quarter. Eastern Bank now owns 2,275 shares of the company's stock valued at $53,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
APA Price Performance
NASDAQ APA traded down $0.83 on Friday, hitting $22.79. 6,791,829 shares of the company were exchanged, compared to its average volume of 6,494,018. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market cap of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The firm has a 50 day moving average of $22.92 and a two-hundred day moving average of $24.30.
APA Announces Dividend
The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. APA's dividend payout ratio (DPR) is currently 14.12%.
Insider Activity at APA
In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now owns 12,436 shares in the company, valued at $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Raymond James lifted their price objective on APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Friday, January 3rd. Truist Financial dropped their price objective on shares of APA from $36.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Citigroup lowered their target price on shares of APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. decreased their price objective on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, APA currently has an average rating of "Hold" and a consensus target price of $30.65.
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About APA
(
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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