APA Co. (NASDAQ:APA) Shares Sold by NBT Bank N A NY

NBT Bank N A NY lowered its stake in APA Co. (NASDAQ:APA) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,367 shares of the company’s stock after selling 755 shares during the quarter. NBT Bank N A NY’s holdings in APA were worth $193,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in APA by 22.8% in the fourth 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. lifted its position in APA by 4.2% in the third 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 lifted its position in APA by 175.8% in the fourth 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 acquired a new position in APA in the third quarter valued at about $7,238,000. Finally, Victory Capital Management Inc. lifted its position in APA by 13.5% in the third 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 and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $19.20 on Wednesday. The firm has a market capitalization of $6.99 billion, a P/E ratio of 2.71 and a beta of 3.26. APA Co. has a 52 week low of $17.66 and a 52 week high of $36.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $22.52 and its two-hundred day moving average is $23.49.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Research analysts forecast that APA Co. will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 5.21%. APA’s dividend payout ratio is currently 44.25%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APA. Susquehanna decreased their target price on shares of APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group reduced their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, January 3rd. Mizuho reduced their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company cut shares of APA from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.15.

Insider Buying and Selling at APA

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. The trade was 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 currently owned by insiders.

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.