Juliet S. Ellis Purchases 4,391 Shares of APA Co. (NASDAQ:APA) Stock

APA Co. (NASDAQ:APA) Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

APA Price Performance

Shares of NASDAQ:APA opened at $22.86 on Friday. The firm has a market capitalization of $8.46 billion, a PE ratio of 3.23 and a beta of 3.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a 50-day moving average price of $23.51 and a two-hundred day moving average price of $26.60. APA Co. has a twelve month low of $20.95 and a twelve month high of $37.82.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be paid 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 yield of 4.37%. APA’s dividend payout ratio is 14.12%.

Institutional Investors Weigh In On APA

Several institutional investors have recently made changes to their positions in the stock. Sunpointe LLC raised its stake in shares of APA by 2.8% during the 2nd quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock valued at $391,000 after purchasing an additional 362 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of APA by 6.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after buying an additional 429 shares in the last quarter. Signaturefd LLC boosted its position in shares of APA by 7.1% in the second quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock valued at $209,000 after acquiring an additional 472 shares during the period. Washington Trust Bank grew its stake in APA by 5.9% during the second quarter. Washington Trust Bank now owns 8,794 shares of the company’s stock valued at $259,000 after acquiring an additional 492 shares in the last quarter. Finally, Empirical Finance LLC lifted its stake in APA by 1.6% in the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after purchasing an additional 497 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on APA shares. 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 report on Friday, November 8th. Mizuho dropped their target price on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. The Goldman Sachs Group decreased their price target on APA from $26.00 to $25.00 in a report on Friday, October 18th. Scotiabank dropped their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company reduced their target price on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.52.

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.