OLD National Bancorp IN Raises Holdings in APA Co. (NASDAQ:APA)

OLD National Bancorp IN increased its holdings in shares of APA Co. (NASDAQ:APA - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,254 shares of the company's stock after purchasing an additional 44,024 shares during the quarter. OLD National Bancorp IN owned 0.07% of APA worth $5,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Harris Associates L P increased its position in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock valued at $609,414,000 after acquiring an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 purchasing an additional 3,411,270 shares during the period. Mizuho Securities USA LLC increased its position in shares of APA by 3,450.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company's stock valued at $24,115,000 after purchasing an additional 958,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of APA by 17.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company's stock worth $100,351,000 after purchasing an additional 600,612 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of APA by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after buying an additional 485,291 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Scotiabank lowered their target price on APA from $30.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group lowered their price objective on APA from $25.00 to $22.00 and set a "sell" rating on the stock in a research report on Friday, January 3rd. Susquehanna reduced 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. Piper Sandler lowered their price target on shares of APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of APA from $29.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.65.

Insider Activity at APA

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price 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 $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

APA Stock Down 2.0 %

APA stock traded down $0.45 on Friday, hitting $22.54. 1,711,922 shares of the company's stock were exchanged, compared to its average volume of 5,979,565. The firm has a 50 day moving average price of $22.85 and a two-hundred day moving average price of $25.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 12-month low of $20.32 and a 12-month high of $36.04. The stock has a market cap of $8.34 billion, a P/E ratio of 3.18 and a beta of 3.16.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.44%. APA's dividend payout ratio (DPR) is currently 14.12%.

About APA

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.