APA Co. (NASDAQ:APA) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB boosted its position in shares of APA Co. (NASDAQ:APA) by 44.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,091 shares of the company’s stock after buying an additional 16,631 shares during the quarter. Nordea Investment Management AB’s holdings in APA were worth $1,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APA. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares in the last quarter. Huntington National Bank lifted its holdings in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares in the last quarter. Blue Trust Inc. lifted its holdings in APA by 164.2% during the third quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after purchasing an additional 1,604 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in APA during the second quarter valued at $76,000. Finally, Covestor Ltd lifted its stake in shares of APA by 40.8% in the third quarter. Covestor Ltd now owns 3,093 shares of the company’s stock worth $76,000 after buying an additional 896 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $23.68 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $8.76 billion, a P/E ratio of 3.34 and a beta of 3.16. The company has a 50 day moving average price of $22.45 and a 200 day moving average price of $25.65. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is currently 14.12%.

Insider Activity at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APA shares. Susquehanna decreased their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Scotiabank decreased their price target on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Bernstein Bank decreased their price target on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned 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, the company has a consensus rating of “Hold” and an average target price of $30.55.

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.