Kornitzer Capital Management Inc. KS grew its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,532,360 shares of the company's stock after purchasing an additional 88,656 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.41% of APA worth $35,382,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC raised its position in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB boosted 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 acquiring an additional 780 shares in the last quarter. Huntington National Bank increased its position in 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 during the period. Finally, Venturi Wealth Management LLC increased its position in APA by 596.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,124 shares of the company's stock valued at $49,000 after purchasing an additional 1,819 shares during the period. Hedge funds and other institutional investors own 83.01% of the company's stock.
Wall Street Analysts Forecast Growth
APA has been the topic of a number of research reports. Citigroup cut their target price on shares of APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Truist Financial decreased 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. Piper Sandler dropped their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. Finally, Mizuho decreased their price objective on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $30.65.
View Our Latest Stock Report on APA
APA Stock Down 3.5 %
Shares of NASDAQ:APA traded down $0.83 during trading on Friday, reaching $22.79. 6,791,829 shares of the stock traded hands, compared to its average volume of 6,497,021. The stock has a market cap of $8.43 billion, a P/E ratio of 3.22 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. The stock has a 50-day moving average of $22.92 and a two-hundred day moving average of $24.26. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04.
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 paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.39%. APA's dividend payout ratio is 14.12%.
Insiders Place Their Bets
In related news, Director Juliet S. Ellis acquired 4,391 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now directly owns 12,436 shares of the company's stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company's stock.
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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