Tobam increased its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 354.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,124 shares of the company's stock after purchasing an additional 11,798 shares during the quarter. Tobam's holdings in APA were worth $349,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock valued at $1,503,000 after buying an additional 12,077 shares during the last quarter. 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 acquiring an additional 51,993 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in APA by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock valued at $293,312,000 after acquiring an additional 485,291 shares during the last quarter. Baader Bank Aktiengesellschaft grew its position in APA by 175.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after acquiring an additional 14,980 shares in the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of APA during the 3rd quarter worth $7,238,000. 83.01% of the stock is owned by hedge funds and other institutional investors.
APA Stock Performance
Shares of APA stock traded up $0.32 during mid-day trading on Tuesday, reaching $23.31. The stock had a trading volume of 6,488,740 shares, compared to its average volume of 6,386,418. The firm's 50 day simple moving average is $22.79 and its 200 day simple moving average is $24.57. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market cap of $8.62 billion, a PE ratio of 3.29 and a beta of 3.15. APA Co. has a one year low of $20.32 and a one year high of $36.04.
APA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.29%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is presently 14.12%.
Analyst Ratings Changes
Several research firms recently issued reports on APA. Piper Sandler reduced their price objective on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. UBS Group reduced their price target on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Royal Bank of Canada reissued a "sector perform" rating and set a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Barclays reduced their target price on APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Friday, November 8th. Finally, Citigroup dropped their price target 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 research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.65.
Read Our Latest Stock Analysis on APA
Insider Activity
In other news, Director Juliet S. Ellis bought 4,391 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company's stock.
APA Company Profile
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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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