APA Co. (NASDAQ:APA) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. lowered its position in APA Co. (NASDAQ:APA) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,553 shares of the company’s stock after selling 13,460 shares during the period. 1834 Investment Advisors Co. owned about 0.06% of APA worth $4,839,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Woodstock Corp raised its position in APA by 20.3% during the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after acquiring an additional 51,993 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of APA by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after purchasing an additional 485,291 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in shares of APA during the 3rd quarter worth about $7,238,000. Victory Capital Management Inc. lifted its stake in APA by 13.5% in 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 in the last quarter. Finally, PVG Asset Management Corp acquired a new stake in APA in the 3rd quarter worth about $757,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Down 0.8 %

Shares of APA opened at $23.32 on Friday. 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 firm has a market cap of $8.63 billion, a P/E ratio of 3.29 and a beta of 3.16. The company’s 50-day moving average price is $22.77 and its 200 day moving average price is $25.33. 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be issued a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. APA’s dividend payout ratio is currently 14.12%.

Insider Buying and Selling

In other news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was 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 $283,292.08. The trade was a 54.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial decreased their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group lowered their target price 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 reduced their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Barclays lowered their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, November 8th. Finally, Mizuho cut their price objective on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.