19,685 Shares in APA Co. (NASDAQ:APA) Bought by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV purchased a new position in APA Co. (NASDAQ:APA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,685 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ieq Capital LLC lifted its stake in APA by 104.3% in the fourth quarter. Ieq Capital LLC now owns 48,609 shares of the company’s stock worth $1,122,000 after acquiring an additional 24,819 shares during the period. Alberta Investment Management Corp purchased a new stake in APA in the fourth quarter worth $6,255,000. Atria Wealth Solutions Inc. lifted its stake in APA by 104.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 45,171 shares of the company’s stock worth $1,043,000 after acquiring an additional 23,027 shares during the period. Kornitzer Capital Management Inc. KS lifted its position in APA by 6.1% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 1,532,360 shares of the company’s stock valued at $35,382,000 after buying an additional 88,656 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in APA by 596.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,124 shares of the company’s stock valued at $49,000 after buying an additional 1,819 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on APA. Barclays lowered their price objective on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Truist Financial lowered their price objective on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. UBS Group lowered their price objective on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Raymond James raised their price objective on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $30.65.

Insider Buying and Selling

In other news, Director Juliet S. Ellis purchased 4,391 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the purchase, the director now directly owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

APA Price Performance

NASDAQ APA opened at $23.61 on Friday. APA Co. has a one year low of $20.32 and a one year high of $36.04. The stock has a 50-day moving average of $22.92 and a 200 day moving average of $24.30. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 3.33 and a beta of 3.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.24%. APA’s payout ratio is 14.12%.

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.