APA Co. (NASDAQ:APA) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its position in APA Co. (NASDAQ:APA) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,449 shares of the company’s stock after acquiring an additional 643 shares during the quarter. Transcend Capital Advisors LLC’s holdings in APA were worth $241,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC lifted its stake in APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after purchasing an additional 3,411,270 shares during the last quarter. Harris Associates L P lifted its stake in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock worth $609,414,000 after purchasing an additional 4,293,932 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in APA by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock worth $293,312,000 after purchasing an additional 485,291 shares during the last quarter. Smead Capital Management Inc. lifted its stake in APA by 3.5% during the third quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock worth $236,466,000 after purchasing an additional 326,042 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in APA by 2.5% during the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock worth $226,928,000 after purchasing an additional 224,547 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Price Performance

NASDAQ:APA opened at $22.79 on Monday. The business’s 50-day moving average price is $22.92 and its 200 day moving average price is $24.22. The firm has a market cap of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15. APA Co. has a 52-week low of $20.32 and a 52-week 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.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 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 4.39%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is currently 14.12%.

Insider Buying and Selling

In related news, Director Juliet S. Ellis purchased 4,391 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the transaction, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on APA. Piper Sandler cut their target price on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Truist Financial cut their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. cut 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 cut their target price on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, Mizuho cut their target price on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.65.

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.