1834 Investment Advisors Co. decreased its position in APA Co. (NASDAQ:APA - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,553 shares of the company's stock after selling 13,460 shares during the period. 1834 Investment Advisors Co. owned approximately 0.06% of APA worth $4,839,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of APA. Harris Associates L P raised its position in APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock worth $609,414,000 after buying an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock worth $745,341,000 after buying an additional 3,411,270 shares during the last quarter. Mizuho Securities USA LLC raised its position in APA by 3,450.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company's stock worth $24,115,000 after buying an additional 958,141 shares during the last quarter. AQR Capital Management LLC raised its position in APA by 112.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company's stock worth $42,092,000 after buying an additional 767,557 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of APA by 17.2% during 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 valued at $100,351,000 after purchasing an additional 600,612 shares during the last quarter. Institutional investors own 83.01% of the company's stock.
APA Stock Down 0.8 %
Shares of APA stock traded down $0.19 during trading on Friday, hitting $23.32. 5,962,010 shares of the stock traded hands, compared to its average volume of 5,010,881. The firm has a market cap of $8.63 billion, a P/E ratio of 3.29 and a beta of 3.16. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04. The stock's fifty day simple moving average is $22.77 and its 200 day simple moving average is $25.30.
APA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA's payout ratio is currently 14.12%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on APA. Bernstein Bank reduced their price target on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Citigroup dropped their price target on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. Susquehanna dropped their price target on APA from $52.00 to $48.00 and set a "positive" rating for the company in a research note on Friday, October 18th. Piper Sandler lowered their target price on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Mizuho lowered their target price on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $30.65.
Check Out Our Latest Stock Report on APA
Insider Activity at APA
In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares in the company, valued at $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 SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
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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