APA Co. (NASDAQ:APA) Shares Sold by Transcendent Capital Group LLC

Transcendent Capital Group LLC trimmed its stake in shares of APA Co. (NASDAQ:APA) by 30.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,304 shares of the company’s stock after selling 565 shares during the period. Transcendent Capital Group LLC’s holdings in APA were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after acquiring an additional 469 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after acquiring an additional 497 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock worth $3,070,000 after acquiring an additional 544 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Citigroup lowered their price objective on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Piper Sandler lowered their price objective on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price objective on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Four research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.65.

Insiders Place Their Bets

In related news, Director Juliet S. Ellis purchased 4,391 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

APA Price Performance

Shares of NASDAQ APA opened at $22.38 on Wednesday. The stock’s 50-day moving average is $22.97 and its two-hundred day moving average is $24.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.15.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.47%. APA’s dividend payout ratio (DPR) is 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.