Ellis Investment Partners LLC reduced its stake in APA Co. (NASDAQ:APA - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,770 shares of the company's stock after selling 13,970 shares during the period. Ellis Investment Partners LLC's holdings in APA were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its stake in shares of APA by 84.1% during 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 last quarter. Wilmington Savings Fund Society FSB increased its position in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after buying an additional 780 shares during the period. Huntington National Bank boosted its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after purchasing an additional 561 shares in the last quarter. Finally, Eastern Bank boosted 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 worth $53,000 after buying an additional 1,775 shares in the last quarter. Institutional investors own 83.01% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barclays decreased their target price on APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Friday, November 8th. Citigroup reduced their price objective on shares of APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. The Goldman Sachs Group decreased their target price on APA from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Friday, January 3rd. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Finally, Piper Sandler dropped their price target on shares of APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.65.
Read Our Latest Stock Analysis on APA
Insider Buying and Selling at APA
In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company's stock.
APA Trading Up 0.1 %
APA stock traded up $0.03 during mid-day trading on Wednesday, hitting $23.60. The company's stock had a trading volume of 6,844,580 shares, compared to its average volume of 6,490,506. 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 current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day moving average price of $22.91 and a 200-day moving average price of $24.30. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of 3.33 and a beta of 3.15.
APA Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 yield of 4.24%. APA's dividend payout ratio is currently 14.12%.
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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