Foundation Resource Management Inc. Has $3.68 Million Holdings in APA Co. (NASDAQ:APA)

Foundation Resource Management Inc. grew its holdings in APA Co. (NASDAQ:APA) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 159,319 shares of the company’s stock after acquiring an additional 7,884 shares during the period. Foundation Resource Management Inc.’s holdings in APA were worth $3,679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APA. TD Private Client Wealth LLC raised its stake in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the period. Huntington National Bank increased its holdings 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 purchasing an additional 561 shares during the last quarter. Eastern Bank increased its holdings in shares of APA by 355.0% in the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after purchasing an additional 1,775 shares during the last quarter. Blue Trust Inc. raised its position in shares of APA by 164.2% in the third quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after purchasing an additional 1,604 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of APA during the 2nd quarter worth about $76,000. 83.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup decreased their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Mizuho decreased their target price on 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. lowered their target price on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. UBS Group reduced their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Finally, The Goldman Sachs Group decreased their price objective on APA from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.55.

APA Price Performance

Shares of NASDAQ:APA opened at $24.85 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 stock has a market capitalization of $9.19 billion, a PE ratio of 3.51 and a beta of 3.16. The firm has a 50 day moving average of $22.47 and a 200-day moving average of $25.61. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s payout ratio is presently 14.12%.

Insider Buying and Selling at APA

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

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.