Yousif Capital Management LLC lessened its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,670 shares of the company's stock after selling 24,778 shares during the period. Yousif Capital Management LLC's holdings in APA were worth $1,216,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Empirical Finance LLC boosted its position in shares of APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company's stock valued at $765,000 after acquiring an additional 497 shares during the period. Segment Wealth Management LLC boosted its position in shares of APA by 1.0% in the third 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 period. TD Private Client Wealth LLC boosted its position in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares during the period. Huntington National Bank boosted its position in shares of APA by 48.8% in 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, Hartford Financial Management Inc. boosted its position in shares of APA by 14.8% in the fourth quarter. Hartford Financial Management Inc. now owns 5,149 shares of the company's stock valued at $119,000 after acquiring an additional 663 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Truist Financial reduced their target price on APA from $36.00 to $33.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Wells Fargo & Company cut APA from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, Citigroup reduced their target price on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Four equities research 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. Based on data from MarketBeat, APA presently has an average rating of "Hold" and an average price target of $30.65.
Get Our Latest Research Report on APA
Insider Buying and Selling
In related news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the transaction, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.
APA Price Performance
Shares of NASDAQ APA traded up $0.65 during midday trading on Monday, reaching $23.14. 7,881,814 shares of the company traded hands, compared to its average volume of 6,460,765. The firm has a market cap of $8.56 billion, a PE ratio of 3.27 and a beta of 3.15. The stock's 50-day simple moving average is $22.86 and its 200-day simple moving average is $24.34. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given 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 yield of 4.32%. APA's dividend payout ratio (DPR) is 14.12%.
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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