Horizon Advisory Services Inc. Invests $293,000 in APA Co. (NASDAQ:APA)

Horizon Advisory Services Inc. bought a new position in APA Co. (NASDAQ:APA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,693 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APA. Van ECK Associates Corp lifted its holdings in shares of APA by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock valued at $1,780,000 after acquiring an additional 469 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of APA by 1.6% during the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after acquiring an additional 497 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings 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 acquiring an additional 540 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock valued at $3,070,000 after acquiring an additional 544 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Price Performance

Shares of NASDAQ:APA opened at $22.87 on Tuesday. 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 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 $22.94 and a 200 day simple moving average of $24.19. The company has a market cap of $8.46 billion, a PE ratio of 3.23 and a beta of 3.15.

APA Dividend Announcement

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio is presently 14.12%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APA. Mizuho reduced their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Finally, Truist Financial dropped their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.65.

Insider Activity at APA

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.

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.