Mirae Asset Global Investments Co. Ltd. increased its stake in APA Co. (NASDAQ:APA - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 308,112 shares of the company's stock after buying an additional 60,245 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of APA worth $6,806,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in APA. TD Private Client Wealth LLC lifted its holdings 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. MassMutual Private Wealth & Trust FSB lifted its holdings in APA by 93.5% during 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 last quarter. Huntington National Bank lifted its holdings 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 last quarter. Eastern Bank lifted its holdings in APA by 355.0% during the 4th quarter. Eastern Bank now owns 2,275 shares of the company's stock valued at $53,000 after purchasing an additional 1,775 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock valued at $63,000 after purchasing an additional 1,604 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
APA Price Performance
APA stock traded up $0.32 during midday trading on Tuesday, reaching $23.31. The company's stock had a trading volume of 6,488,740 shares, compared to its average volume of 6,386,418. APA Co. has a 52 week low of $20.32 and a 52 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 business has a 50-day moving average price of $22.79 and a 200-day moving average price of $24.57. The stock has a market cap of $8.62 billion, a PE ratio of 3.29 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. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is 14.12%.
Analyst Ratings Changes
APA has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Citigroup lowered their price objective on APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Raymond James increased their price objective on APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut APA from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, APA has a consensus rating of "Hold" and a consensus price target of $30.65.
Get Our Latest Research Report on APA
Insider Activity
In other news, Director Juliet S. Ellis purchased 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, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares of the company's stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.30% of the company's stock.
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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