Nomura Asset Management Co. Ltd. Has $4.62 Million Stock Position in APA Co. (NASDAQ:APA)

Nomura Asset Management Co. Ltd. raised its position in APA Co. (NASDAQ:APA) by 1.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 188,891 shares of the company’s stock after purchasing an additional 3,324 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in APA were worth $4,620,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of APA by 386.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after buying an additional 1,079 shares in the last quarter. Rothschild Investment LLC bought a new stake in APA during the 2nd quarter worth about $42,000. Huntington National Bank increased its position in APA by 48.8% in 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. Blue Trust Inc. raised its stake in shares of APA by 164.2% in the third 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. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of APA during the second quarter worth approximately $76,000. 83.01% of the stock is owned by institutional investors.

APA Stock Down 0.3 %

Shares of APA stock opened at $22.86 on Friday. The company has a market capitalization of $8.46 billion, a P/E ratio of 3.23 and a beta of 3.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50-day moving average of $23.51 and a two-hundred day moving average of $26.60. APA Co. has a 1 year low of $20.95 and a 1 year high of $37.82.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. APA’s payout ratio is 14.12%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays dropped their price objective 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. Evercore ISI dropped their target price on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Truist Financial decreased their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler dropped their price objective on APA from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. reduced their target price 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. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.52.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.