APA Co. (NASDAQ:APA) Stock Holdings Lowered by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in APA Co. (NASDAQ:APA - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,178 shares of the company's stock after selling 17,019 shares during the quarter. State of Alaska Department of Revenue's holdings in APA were worth $973,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its stake in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after buying an additional 540 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock worth $37,000 after buying an additional 780 shares during the period. Huntington National Bank grew its stake in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company's stock worth $42,000 after buying an additional 561 shares during the period. Eastern Bank grew its stake in APA by 355.0% during the fourth quarter. Eastern Bank now owns 2,275 shares of the company's stock worth $53,000 after buying an additional 1,775 shares during the period. Finally, Blue Trust Inc. grew its stake in APA by 164.2% during the third quarter. Blue Trust Inc. now owns 2,581 shares of the company's stock worth $63,000 after buying an additional 1,604 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reduced their target price on shares of APA from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday, November 8th. Truist Financial reduced their target price on shares of APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. UBS Group reduced their target price on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. reduced their target price on shares of APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 13th. Finally, Citigroup reduced their target price on shares of APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $30.65.

APA Stock Performance

Shares of NASDAQ:APA traded up $0.65 on Monday, reaching $23.14. 7,881,814 shares of the company's stock were exchanged, compared to its average volume of 6,460,765. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 3.27 and a beta of 3.15. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. The business's 50-day moving average is $22.86 and its two-hundred day moving average is $24.34. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.32%. APA's dividend payout ratio (DPR) is 14.12%.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares of the company's stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.