Teachers Retirement System of The State of Kentucky lowered its position in APA Co. (NASDAQ:APA - Free Report) by 61.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 354,638 shares of the company's stock after selling 554,268 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.10% of APA worth $8,675,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in APA by 83.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,907 shares of the company's stock valued at $120,000 after buying an additional 2,236 shares in the last quarter. Coldstream Capital Management Inc. raised its position in APA by 23.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,162 shares of the company's stock worth $296,000 after buying an additional 2,325 shares during the last quarter. Geode Capital Management LLC lifted its stake in APA by 2.5% during 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. M&T Bank Corp boosted its holdings in shares of APA by 187.5% in the 3rd quarter. M&T Bank Corp now owns 56,281 shares of the company's stock valued at $1,377,000 after acquiring an additional 36,707 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of APA by 1.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 188,891 shares of the company's stock worth $4,620,000 after purchasing an additional 3,324 shares during the last quarter. Institutional investors own 83.01% of the company's stock.
Insider Activity at APA
In other APA news, Director Juliet S. Ellis acquired 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, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Truist Financial cut their price target on APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Citigroup dropped their price objective on shares of APA from $29.00 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Piper Sandler dropped their price target on shares of APA from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, November 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 report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on APA from $29.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.52.
Read Our Latest Stock Report on APA
APA Trading Down 0.3 %
Shares of APA stock traded down $0.08 during trading on Friday, hitting $22.86. 4,064,473 shares of the stock traded hands, compared to its average volume of 6,271,859. APA Co. has a 52-week low of $20.95 and a 52-week high of $37.82. The firm has a market capitalization of $8.46 billion, a P/E ratio of 3.23 and a beta of 3.18. The firm's fifty day moving average price is $23.51 and its 200-day moving average price is $26.60. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA's dividend payout ratio (DPR) is 14.12%.
APA Profile
(
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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