Foundation Resource Management Inc. Acquires 7,884 Shares of APA Co. (NASDAQ:APA)

Foundation Resource Management Inc. boosted its holdings in APA Co. (NASDAQ:APA) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 159,319 shares of the company’s stock after buying an additional 7,884 shares during the period. Foundation Resource Management Inc.’s holdings in APA were worth $3,679,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC increased its stake in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. Huntington National Bank grew its holdings in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the period. Eastern Bank increased its stake in APA by 355.0% in the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after purchasing an additional 1,775 shares in the last quarter. Blue Trust Inc. increased its stake in APA by 164.2% in the third quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after purchasing an additional 1,604 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new stake in APA in the second quarter worth $76,000. 83.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays lowered 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. The Goldman Sachs Group lowered their price target on APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. UBS Group dropped their price target on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, Citigroup lowered their target price on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.55.

Insider Activity at APA

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 cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. The trade was a 54.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

APA Trading Up 1.9 %

Shares of NASDAQ:APA opened at $24.85 on Wednesday. The company’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $25.61. APA Co. has a one year low of $20.32 and a one year 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 stock has a market capitalization of $9.19 billion, a PE ratio of 3.51 and a beta of 3.16.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a yield of 4.02%. APA’s payout ratio is presently 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.