APA Co. (NASDAQ:APA) Stock Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in APA Co. (NASDAQ:APA) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 138,991 shares of the company’s stock after purchasing an additional 544 shares during the period. Asset Management One Co. Ltd.’s holdings in APA were worth $3,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APA. Janney Montgomery Scott LLC grew its position in shares of APA by 22.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company’s stock valued at $1,503,000 after buying an additional 12,077 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of APA by 4.2% during the 3rd 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. Baader Bank Aktiengesellschaft grew its position in shares of APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company’s stock valued at $543,000 after buying an additional 14,980 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in shares of APA during the 3rd quarter valued at about $7,238,000. Finally, Victory Capital Management Inc. grew its position in shares of APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock valued at $30,852,000 after buying an additional 149,762 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Insider Buying and Selling

In other news, Director Juliet S. Ellis purchased 4,391 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were 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 directly owns 12,436 shares of the company’s stock, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

APA Stock Up 0.1 %

NASDAQ APA opened at $23.60 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50 day simple moving average is $22.91 and its 200 day simple moving average is $24.30. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04. The company has a market capitalization of $8.73 billion, a P/E ratio of 3.33 and a beta of 3.15.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. APA’s payout ratio is currently 14.12%.

Wall Street Analyst Weigh In

APA has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. The Goldman Sachs Group reduced their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Barclays reduced their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Finally, Mizuho reduced their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Monday, December 16th. Four 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.65.

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.