M.E. Allison & CO. Inc. purchased a new position in shares of APA Co. (NASDAQ:APA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,200 shares of the company's stock, valued at approximately $351,000.
Several other institutional investors and hedge funds have also modified their holdings of APA. Hotchkis & Wiley Capital Management LLC increased its stake in shares of APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock valued at $745,341,000 after acquiring an additional 3,411,270 shares during the last quarter. Harris Associates L P grew its holdings in shares of APA by 20.8% during the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock worth $609,414,000 after purchasing an additional 4,293,932 shares during the period. Charles Schwab Investment Management Inc. increased its position in APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after purchasing an additional 485,291 shares in the last quarter. Smead Capital Management Inc. raised its holdings in APA by 3.5% in the third quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company's stock valued at $236,466,000 after buying an additional 326,042 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of APA by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company's stock valued at $226,928,000 after acquiring an additional 224,547 shares during the period. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Stock Down 3.0 %
NASDAQ APA traded down $0.75 during trading on Monday, reaching $24.40. 9,418,721 shares of the company's stock were exchanged, compared to its average volume of 5,425,373. The firm has a market capitalization of $9.03 billion, a PE ratio of 3.45 and a beta of 3.16. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. 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 company's fifty day simple moving average is $22.67 and its 200-day simple moving average is $25.45.
APA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA's dividend payout ratio is 14.12%.
Insider Buying and Selling
In other APA news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares of the company's stock, valued at $283,292.08. The trade was 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 accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
APA has been the subject of a number of analyst reports. Susquehanna decreased 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. The Goldman Sachs Group lowered their target price on shares of APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 target price on shares of APA in a research report on Wednesday, January 15th. Piper Sandler lowered 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, Scotiabank dropped their price objective on APA from $30.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.55.
View Our Latest Stock Report on APA
About APA
(
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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