GAMMA Investing LLC Acquires 2,800 Shares of APA Co. (NASDAQ:APA)

GAMMA Investing LLC boosted its stake in shares of APA Co. (NASDAQ:APA) by 55.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,881 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. GAMMA Investing LLC’s holdings in APA were worth $182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in APA by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 456,922 shares of the company’s stock valued at $11,176,000 after buying an additional 13,557 shares during the period. Synovus Financial Corp increased its position in APA by 144.3% during the third quarter. Synovus Financial Corp now owns 30,925 shares of the company’s stock valued at $756,000 after acquiring an additional 18,268 shares during the last quarter. Tidal Investments LLC raised its stake in shares of APA by 154.2% in the third quarter. Tidal Investments LLC now owns 62,400 shares of the company’s stock valued at $1,526,000 after acquiring an additional 37,855 shares during the period. PVG Asset Management Corp bought a new stake in shares of APA in the 3rd quarter worth about $757,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of APA by 23.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company’s stock worth $266,000 after acquiring an additional 2,185 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at APA

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective 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. Barclays decreased their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Mizuho cut their price objective on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group reduced their target price on APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Finally, Citigroup cut their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, APA currently has a consensus rating of “Hold” and a consensus target price of $30.55.

APA Trading Up 0.1 %

Shares of NASDAQ:APA opened at $23.68 on Thursday. 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 market capitalization of $8.76 billion, a PE ratio of 3.34 and a beta of 3.16. APA Co. has a 12-month low of $20.32 and a 12-month high of $36.04. The business’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $25.75.

APA Dividend Announcement

The company also recently announced 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. 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 4.22%. APA’s dividend payout ratio is presently 14.12%.

APA Company 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.