Stratos Wealth Partners LTD. Has $488,000 Stake in APA Co. (NASDAQ:APA)

Stratos Wealth Partners LTD. reduced its position in shares of APA Co. (NASDAQ:APA) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,134 shares of the company’s stock after selling 3,205 shares during the period. Stratos Wealth Partners LTD.’s holdings in APA were worth $488,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Empirical Finance LLC lifted its position in APA by 1.6% during the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after buying an additional 497 shares in the last quarter. Segment Wealth Management LLC raised its holdings in APA by 1.0% in the 3rd quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after acquiring an additional 535 shares during the period. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Huntington National Bank boosted its position in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the period. Finally, Hartford Financial Management Inc. grew its position in shares of APA by 14.8% during the 4th quarter. Hartford Financial Management Inc. now owns 5,149 shares of the company’s stock worth $119,000 after purchasing an additional 663 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

APA Trading Up 1.4 %

NASDAQ APA opened at $23.31 on Wednesday. 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 business has a fifty day simple moving average of $22.79 and a 200 day simple moving average of $24.57. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04. The firm has a market capitalization of $8.62 billion, a P/E ratio of 3.29 and a beta of 3.15.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is currently 14.12%.

Insider Buying and Selling

In related news, Director Juliet S. Ellis acquired 4,391 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on APA. Mizuho decreased their price target 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 dropped their price target on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Susquehanna cut their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Citigroup reduced their price target on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Finally, 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 note on Friday, November 8th. Four research 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 company. According to data from MarketBeat.com, APA currently has a consensus rating of “Hold” and an average target price of $30.65.

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.