Sanctuary Advisors LLC Has $266,000 Stock Position in APA Co. (NASDAQ:APA)

Sanctuary Advisors LLC grew its holdings in APA Co. (NASDAQ:APA) by 23.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,678 shares of the company’s stock after acquiring an additional 2,185 shares during the quarter. Sanctuary Advisors LLC’s holdings in APA were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of APA. Woodstock Corp boosted its holdings in APA by 20.3% in the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company’s stock valued at $7,540,000 after purchasing an additional 51,993 shares during the period. Charles Schwab Investment Management Inc. increased its stake in APA by 4.2% during 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 period. HITE Hedge Asset Management LLC bought a new position in APA during the third quarter valued at about $7,238,000. Ellis Investment Partners LLC acquired a new position in APA in the 2nd quarter valued at approximately $2,499,000. Finally, Victory Capital Management Inc. lifted its position in shares of APA by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after acquiring an additional 149,762 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the subject of a number of recent research reports. Truist Financial cut their target price on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Susquehanna reduced their price objective 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 target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Scotiabank dropped their price target 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, Bernstein Bank decreased their price objective on APA from $30.00 to $28.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.14.

Insider Activity

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

APA Trading Up 1.1 %

Shares of NASDAQ APA opened at $22.09 on Friday. APA Co. has a 1-year low of $20.32 and a 1-year high of $37.09. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average of $22.60 and a two-hundred day moving average of $26.02. The company has a market cap of $8.17 billion, a PE ratio of 3.12 and a beta of 3.18.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.53%. APA’s payout ratio is 14.12%.

APA Profile

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.