Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 28,370 APA Co. (NASDAQ:APA)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of APA Co. (NASDAQ:APA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,370 shares of the company's stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its stake 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 worth $29,000 after purchasing an additional 540 shares in the last quarter. Riverview Trust Co raised its holdings in shares of APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of 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 acquiring an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after purchasing an additional 780 shares during the period. Finally, Huntington National Bank boosted its holdings 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 buying an additional 561 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.

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Insider Activity at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 12,436 shares of the company's stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APA. Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $45.00 to $32.00 in a report on Monday. Citigroup decreased their target price 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. UBS Group dropped their price target on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Finally, Susquehanna lowered their target price on APA from $33.00 to $31.00 and set a "positive" rating on the stock in a research note on Monday, March 3rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, APA has an average rating of "Hold" and a consensus target price of $29.15.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.45 during midday trading on Wednesday, hitting $19.65. The company's stock had a trading volume of 6,873,513 shares, compared to its average volume of 6,529,814. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock's 50 day simple moving average is $22.52 and its 200 day simple moving average is $23.49. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 2.78 and a beta of 3.26. APA Co. has a fifty-two week low of $17.66 and a fifty-two week high of $36.05.

APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. As a group, research analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is currently 44.25%.

About APA

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.