Lmcg Investments LLC Sells 6,725 Shares of APA Co. (NASDAQ:APA)

Lmcg Investments LLC decreased its holdings in APA Co. (NASDAQ:APA) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,792 shares of the company’s stock after selling 6,725 shares during the quarter. Lmcg Investments LLC’s holdings in APA were worth $619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of APA by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 193,069 shares of the company’s stock worth $5,684,000 after purchasing an additional 20,943 shares in the last quarter. Amalgamated Bank raised its position in APA by 5.8% in the 2nd quarter. Amalgamated Bank now owns 114,691 shares of the company’s stock worth $3,377,000 after purchasing an additional 6,303 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in APA by 15.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 15,150 shares of the company’s stock worth $446,000 after buying an additional 2,002 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in APA in the 2nd quarter valued at $1,245,000. Finally, Pacer Advisors Inc. increased its stake in shares of APA by 30.3% in the 2nd quarter. Pacer Advisors Inc. now owns 82,753 shares of the company’s stock valued at $2,436,000 after buying an additional 19,230 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Buying and Selling at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of APA 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 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 document filed with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

APA has been the topic of several research reports. Susquehanna cut their price target on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Mizuho cut their target price 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. Scotiabank lowered their price target 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. Citigroup cut their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, Truist Financial lowered their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, APA currently has an average rating of “Hold” and an average target price of $30.55.

APA Stock Down 2.9 %

APA stock opened at $23.70 on Wednesday. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. 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 company has a 50 day moving average of $22.70 and a 200-day moving average of $25.42. The stock has a market capitalization of $8.77 billion, a PE ratio of 3.35 and a beta of 3.16.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

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.