Toronto Dominion Bank decreased its holdings in APA Co. (NASDAQ:APA - Free Report) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,598 shares of the company's stock after selling 51,369 shares during the quarter. Toronto Dominion Bank's holdings in APA were worth $3,023,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in APA. Hotchkis & Wiley Capital Management LLC grew its stake in shares of APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock worth $745,341,000 after acquiring an additional 3,411,270 shares in the last quarter. Harris Associates L P grew its stake in APA by 20.8% during the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock worth $609,414,000 after purchasing an additional 4,293,932 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $293,312,000 after purchasing an additional 485,291 shares during the period. Smead Capital Management Inc. raised its position in APA by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company's stock valued at $236,466,000 after purchasing an additional 326,042 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of APA by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company's stock valued at $226,928,000 after buying an additional 224,547 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The shares were 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 of the company's stock, valued at approximately $283,292.08. This represents a 54.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Mizuho cut their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research note on Monday. UBS Group dropped their price objective 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. Susquehanna decreased their price objective on shares of APA from $52.00 to $48.00 and set a "positive" rating for the company in a research report on Friday, October 18th. The Goldman Sachs Group dropped their target price on APA from $26.00 to $25.00 in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price target on APA from $29.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.33.
Read Our Latest Analysis on APA
APA Price Performance
Shares of APA stock traded down $0.92 during mid-day trading on Monday, reaching $21.94. The stock had a trading volume of 7,115,814 shares, compared to its average volume of 6,275,347. The company has a market cap of $8.12 billion, a P/E ratio of 3.23 and a beta of 3.18. 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 12-month low of $20.95 and a 12-month high of $37.82. The business has a 50-day simple moving average of $23.51 and a 200 day simple moving average of $26.56.
APA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Wednesday, January 22nd. APA's dividend payout ratio (DPR) is presently 14.12%.
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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