Baader Bank Aktiengesellschaft increased its holdings in APA Co. (NASDAQ:APA - Free Report) by 175.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,500 shares of the company's stock after purchasing an additional 14,980 shares during the period. Baader Bank Aktiengesellschaft's holdings in APA were worth $543,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in APA. Woodstock Corp boosted its stake in APA by 20.3% during the third quarter. Woodstock Corp now owns 308,253 shares of the company's stock valued at $7,540,000 after buying an additional 51,993 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 485,291 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of APA during the 3rd quarter valued at approximately $7,238,000. Victory Capital Management Inc. grew its holdings in shares of APA by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company's stock valued at $30,852,000 after purchasing an additional 149,762 shares in the last quarter. Finally, PVG Asset Management Corp bought a new stake in APA in the third quarter worth $757,000. 83.01% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
APA has been the subject of several analyst reports. Bernstein Bank lowered their price objective on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Barclays cut their price objective 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. UBS Group cut their price target on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Citigroup decreased their price objective on shares of APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. reduced their price target on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.65.
Check Out Our Latest Stock Analysis on APA
Insider Activity at APA
In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were 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 $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.
APA Stock Down 2.5 %
Shares of APA traded down $0.58 during mid-day trading on Friday, hitting $22.41. 972,679 shares of the company traded hands, compared to its average volume of 5,938,936. The business has a 50 day moving average of $22.85 and a 200 day moving average of $25.18. The company has a market capitalization of $8.29 billion, a PE ratio of 3.16 and a beta of 3.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04.
APA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. APA's payout ratio is currently 14.12%.
APA Company Profile
(
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.
See Also
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
