APA Co. (NASDAQ:APA) Stock Holdings Lowered by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of APA Co. (NASDAQ:APA) by 53.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,092 shares of the company’s stock after selling 37,037 shares during the period. Stephens Inc. AR’s holdings in APA were worth $741,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of APA. Harris Associates L P grew its position in shares of APA by 20.8% during the third 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 during the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 acquiring an additional 3,411,270 shares during the last quarter. Mizuho Securities USA LLC grew 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 acquiring an additional 958,141 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in APA by 17.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock valued at $100,351,000 after buying an additional 600,612 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in APA by 4.2% in 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 in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

APA stock opened at $22.49 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. APA Co. has a one year low of $20.32 and a one year high of $36.04. The firm has a market capitalization of $8.32 billion, a PE ratio of 3.18 and a beta of 3.15. The firm has a 50-day moving average of $22.81 and a two-hundred day moving average of $24.54.

APA Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of APA in a research report on Thursday, January 23rd. Mizuho decreased their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group decreased their target price 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. Finally, Susquehanna decreased their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.65.

Insider Transactions at APA

In related news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

About APA

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.