APA Co. (NASDAQ:APA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 19.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,921 shares of the company's stock after selling 19,242 shares during the quarter. Nisa Investment Advisors LLC's holdings in APA were worth $1,845,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Woodstock Corp raised its position in APA by 20.3% during the third quarter. Woodstock Corp now owns 308,253 shares of the company's stock valued at $7,540,000 after purchasing an additional 51,993 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $293,312,000 after buying an additional 485,291 shares during the period. HITE Hedge Asset Management LLC bought a new stake in APA in the third quarter worth $7,238,000. Victory Capital Management Inc. boosted its stake in APA by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company's stock worth $30,852,000 after buying an additional 149,762 shares during the period. Finally, PVG Asset Management Corp bought a new position in APA during the third quarter valued at $757,000. Institutional investors own 83.01% of the company's stock.

Insider Activity

In other news, Director Juliet S. Ellis bought 4,391 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company's stock.

APA Stock Up 0.3 %

Shares of APA traded up $0.06 during mid-day trading on Monday, hitting $23.38. The company's stock had a trading volume of 6,907,658 shares, compared to its average volume of 6,503,641. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 3.30 and a beta of 3.16. The company's 50-day moving average is $22.79 and its 200-day moving average is $25.26. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04.

APA Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a yield of 4.28%. APA's dividend payout ratio (DPR) is presently 14.12%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of APA from $52.00 to $48.00 and set a "positive" rating for the company in a report on Friday, October 18th. Scotiabank decreased their price objective on shares of APA from $30.00 to $27.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group cut their target price on 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 reissued a "sector perform" rating and set a $32.00 price target on shares of APA in a research note on Thursday. Finally, Raymond James boosted their price objective on APA from $44.00 to $45.00 and gave the company a "strong-buy" rating in a report on Thursday. 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 stock. Based on data from MarketBeat, APA presently has an average rating of "Hold" and a consensus target price of $30.65.

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.