Tobam Acquires 11,798 Shares of APA Co. (NASDAQ:APA)

Tobam grew its holdings in APA Co. (NASDAQ:APA) by 354.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,124 shares of the company’s stock after purchasing an additional 11,798 shares during the period. Tobam’s holdings in APA were worth $349,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB grew its position in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after buying an additional 780 shares during the period. Huntington National Bank increased its holdings in 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 buying an additional 561 shares during the last quarter. Eastern Bank raised its position 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 acquiring an additional 1,775 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after acquiring an additional 1,604 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.1 %

Shares of APA opened at $21.67 on Friday. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $22.76 and its 200-day simple moving average is $24.77. The company has a market cap of $8.02 billion, a P/E ratio of 3.06 and a beta of 3.15.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on APA shares. Citigroup decreased their target price on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Truist Financial decreased their price objective on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $42.00 to $25.00 in a research note on Tuesday, December 17th. Susquehanna decreased their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Barclays dropped their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have given 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 stock currently has an average rating of “Hold” and a consensus price target of $30.65.

Insider Activity

In related news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

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.