APA Co. (NASDAQ:APA) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in APA Co. (NASDAQ:APA) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,175 shares of the company’s stock after selling 1,124 shares during the period. Amalgamated Bank’s holdings in APA were worth $1,643,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in shares of APA by 22.8% in the 4th 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 in 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 acquiring an additional 485,291 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its stake 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 acquiring an additional 14,980 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of APA during the third quarter worth about $7,238,000. Finally, Victory Capital Management Inc. grew its holdings in shares of APA by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after purchasing an additional 149,762 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler decreased their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Mizuho decreased their price objective on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Citigroup cut their target price 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. The Goldman Sachs Group decreased their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.65.

Insider Buying and Selling

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now owns 12,436 shares of the company’s stock, 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 is available through the SEC website. 1.30% of the stock is currently owned by insiders.

APA Price Performance

APA stock opened at $20.70 on Monday. 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 Co. has a one year low of $19.84 and a one year high of $36.04. The company has a market cap of $7.66 billion, a P/E ratio of 2.92 and a beta of 3.15. The business has a fifty day moving average of $22.98 and a two-hundred day moving average of $23.98.

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

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.83%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is currently 44.25%.

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.