Newbridge Financial Services Group Inc. Trims Holdings in APA Co. (NASDAQ:APA)

Newbridge Financial Services Group Inc. lessened its holdings in shares of APA Co. (NASDAQ:APA) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the company’s stock after selling 1,000 shares during the period. Newbridge Financial Services Group Inc.’s holdings in APA were worth $52,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC increased its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after purchasing an additional 780 shares during the period. Huntington National Bank boosted its position in shares of APA by 48.8% during 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 in the last quarter. Finally, Eastern Bank grew its stake in APA by 355.0% in the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock worth $53,000 after purchasing an additional 1,775 shares during the period. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Analyst Upgrades and Downgrades

APA has been the subject of several recent research reports. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. 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. Bernstein Bank lowered their price objective on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, 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. Four equities 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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 $23.31 on Wednesday. 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 $22.79 and a 200 day moving average of $24.57. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 3.29 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 Announces Dividend

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 of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.29%. APA’s payout ratio is 14.12%.

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.