APA Co. (NASDAQ:APA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of APA Co. (NASDAQ:APA) by 32.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 52,670 shares of the company’s stock after selling 24,778 shares during the period. Yousif Capital Management LLC’s holdings in APA were worth $1,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harris Associates L P grew its holdings 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 acquiring an additional 4,293,932 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after purchasing an additional 3,411,270 shares during the last quarter. Mizuho Securities USA LLC lifted its position in shares of APA by 3,450.8% during the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after purchasing an additional 958,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in APA by 17.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock worth $100,351,000 after purchasing an additional 600,612 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 485,291 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.5 %

APA stock opened at $22.49 on Friday. The stock has a market cap of $8.32 billion, a P/E ratio of 3.18 and a beta of 3.15. The company’s fifty day simple moving average is $22.81 and its 200-day simple moving average is $24.54. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.45%. APA’s dividend payout ratio is currently 14.12%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Truist Financial lowered their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. UBS Group cut their target price on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Raymond James increased their price target on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Mizuho cut their price objective on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus price target of $30.65.

Insider Transactions at APA

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This represents a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.