APA Co. (NASDAQ:APA) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. trimmed its stake in shares of APA Co. (NASDAQ:APA) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,553 shares of the company’s stock after selling 13,460 shares during the quarter. 1834 Investment Advisors Co.’s holdings in APA were worth $4,839,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APA. Woodstock Corp boosted its stake in shares of APA by 20.3% in the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company’s stock valued at $7,540,000 after buying an additional 51,993 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 in the last quarter. HITE Hedge Asset Management LLC purchased a new position in APA in the third quarter worth approximately $7,238,000. Victory Capital Management Inc. grew its holdings in APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after acquiring an additional 149,762 shares in the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of APA in the 3rd quarter valued at approximately $757,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on APA shares. UBS Group decreased their price objective on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays decreased their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Scotiabank cut their target price on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Raymond James increased their price target on shares of APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Thursday. Four 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.65.

Insider Activity

In other news, Director Juliet S. Ellis bought 4,391 shares of APA stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the purchase, the director now owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

APA Price Performance

Shares of APA opened at $23.32 on Friday. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 3.29 and a beta of 3.16. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. The firm has a 50-day simple moving average of $22.77 and a 200-day simple moving average of $25.33. 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. APA’s dividend payout ratio (DPR) is currently 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.