Lane Generational LLC Boosts Stock Position in APA Co. (NASDAQ:APA)

Lane Generational LLC raised its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,158 shares of the company's stock after acquiring an additional 36,577 shares during the period. APA makes up 2.5% of Lane Generational LLC's investment portfolio, making the stock its 16th biggest holding. Lane Generational LLC's holdings in APA were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APA. TD Private Client Wealth LLC increased 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 worth $29,000 after purchasing an additional 540 shares during the period. Riverview Trust Co increased its position in APA by 5,718.2% during 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 during the period. 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 worth $31,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after purchasing an additional 780 shares during the period. Finally, 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 worth $42,000 after purchasing an additional 561 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at APA

In related news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APA shares. Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $45.00 to $32.00 in a report on Monday. The Goldman Sachs Group lowered their price target on APA from $25.00 to $22.00 and set a "sell" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company cut APA from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Mizuho reduced their target price on APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research note on Monday, December 16th. Finally, Susquehanna reduced 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 given a buy rating to the company. According to data from MarketBeat.com, APA currently has a consensus rating of "Hold" and an average target price of $29.15.

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APA Trading Up 0.9 %

Shares of APA opened at $19.20 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $6.99 billion, a P/E ratio of 2.71 and a beta of 3.26. The stock's fifty day simple moving average is $22.52 and its 200 day simple moving average is $23.49. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05.

APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. On average, equities research analysts forecast that APA Co. will post 4.03 earnings per share for the current year.

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 5.21%. APA's dividend payout ratio is currently 44.25%.

APA Profile

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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