MeadowBrook Investment Advisors LLC Sells 2,365 Shares of APA Co. (NASDAQ:APA)

MeadowBrook Investment Advisors LLC lessened its position in shares of APA Co. (NASDAQ:APA) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,292 shares of the company’s stock after selling 2,365 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in APA were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC increased its stake in APA by 84.1% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares during the last quarter. Huntington National Bank boosted its holdings in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Finally, Eastern Bank boosted its holdings in APA by 355.0% during 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 last quarter. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of APA stock opened at $23.31 on Wednesday. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04. The stock 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 fifty day moving average of $22.79 and a 200-day moving average of $24.57. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. APA’s dividend payout ratio (DPR) is 14.12%.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James boosted their price target on shares of APA from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Barclays dropped their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Piper Sandler lowered their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Citigroup lowered their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Finally, UBS Group lowered their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.