APA Co. (NASDAQ:APA) Shares Acquired by Country Club Bank

Country Club Bank increased its stake in APA Co. (NASDAQ:APA) by 148.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,420 shares of the company’s stock after purchasing an additional 108,492 shares during the quarter. Country Club Bank’s holdings in APA were worth $4,067,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in APA by 24.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 308,112 shares of the company’s stock valued at $6,806,000 after acquiring an additional 60,245 shares during the last quarter. Ping Capital Management Inc. acquired a new stake in APA in the 4th quarter valued at about $231,000. Mather Group LLC. lifted its holdings in APA by 100.4% in the 4th quarter. Mather Group LLC. now owns 5,960 shares of the company’s stock valued at $138,000 after acquiring an additional 2,986 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in APA in the 4th quarter valued at about $286,000. Finally, abrdn plc lifted its holdings in APA by 48.4% in the 4th quarter. abrdn plc now owns 108,311 shares of the company’s stock valued at $2,504,000 after acquiring an additional 35,317 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Activity

In other news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the acquisition, the director now 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APA shares. Truist Financial cut their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. Barclays cut their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Citigroup cut their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Piper Sandler cut their price objective on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Raymond James boosted their price objective on APA from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, APA currently has an average rating of “Hold” and a consensus price target of $30.65.

APA Price Performance

Shares of APA opened at $22.39 on Wednesday. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 3.16 and a beta of 3.15. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. 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’s 50-day moving average is $22.80 and its 200-day moving average is $24.88.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.47%. APA’s dividend payout ratio 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.