Carnegie Lake Advisors LLC bought a new position in shares of APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,850 shares of the company's stock, valued at approximately $528,000.
Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in shares of APA by 84.1% during 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 period. Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after buying an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after acquiring an additional 780 shares in the last quarter. Huntington National Bank increased 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 worth $42,000 after acquiring an additional 561 shares in the last quarter. Finally, Eastern Bank lifted its holdings in shares of APA by 355.0% during 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. 83.01% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at APA
In related 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 acquired 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 approximately $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company's stock.
APA Stock Performance
Shares of NASDAQ APA traded up $0.65 during trading on Friday, reaching $23.14. The stock had a trading volume of 7,881,814 shares, compared to its average volume of 6,452,249. The firm's 50 day moving average price is $22.84 and its two-hundred day moving average price is $24.49. APA Co. has a one year low of $20.32 and a one year high of $36.04. The stock has a market cap of $8.56 billion, a PE ratio of 3.27 and a beta of 3.15. 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 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 is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. APA's dividend payout ratio (DPR) is 14.12%.
Analysts Set New Price Targets
APA has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on APA from $29.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. UBS Group lowered 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. Royal Bank of Canada reissued a "sector perform" rating and set a $32.00 price target on shares of APA in a research report on Thursday, January 23rd. Susquehanna lowered their price objective on shares of APA from $52.00 to $48.00 and set a "positive" rating for the company in a research report on Friday, October 18th. Finally, Raymond James boosted their target price on shares of APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $30.65.
View Our Latest Stock Report on APA
APA 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.
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