Byrne Asset Management LLC Decreases Stock Position in APA Co. (NASDAQ:APA)

Byrne Asset Management LLC lowered its position in shares of APA Co. (NASDAQ:APA) by 44.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,175 shares of the company’s stock after selling 950 shares during the period. Byrne Asset Management LLC’s holdings in APA were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Truist Financial Corp lifted its holdings in APA by 44.0% in the 2nd quarter. Truist Financial Corp now owns 38,710 shares of the company’s stock worth $1,140,000 after buying an additional 11,827 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of APA by 160.1% in the second quarter. Cetera Investment Advisers now owns 75,593 shares of the company’s stock worth $2,225,000 after acquiring an additional 46,535 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in APA in the second quarter valued at about $308,000. Czech National Bank grew its stake in APA by 9.8% during the 3rd quarter. Czech National Bank now owns 75,353 shares of the company’s stock valued at $1,843,000 after purchasing an additional 6,740 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in APA by 42.8% during the 3rd quarter. GAMMA Investing LLC now owns 5,081 shares of the company’s stock worth $124,000 after purchasing an additional 1,523 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on APA. Piper Sandler decreased their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. UBS Group lowered their price objective on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Barclays reduced their target price on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.65.

Insider Buying and Selling at APA

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

APA Stock Up 0.1 %

APA stock opened at $21.67 on Friday. The company’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $24.77. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 3.06 and a beta of 3.15. APA Co. has a 52 week low of $20.32 and a 52 week high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. APA’s dividend payout ratio (DPR) is 14.12%.

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.