Country Club Bank Buys 108,492 Shares of APA Co. (NASDAQ:APA)

Country Club Bank boosted its stake in shares of APA Co. (NASDAQ:APA) by 148.8% in the fourth quarter, Holdings Channel reports. The firm owned 181,420 shares of the company’s stock after acquiring an additional 108,492 shares during the period. Country Club Bank’s holdings in APA were worth $4,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in APA. Creative Planning boosted its position in APA by 70.3% during the second quarter. Creative Planning now owns 63,625 shares of the company’s stock worth $1,873,000 after purchasing an additional 26,260 shares during the period. Truist Financial Corp boosted its position in shares of APA by 44.0% in the second quarter. Truist Financial Corp now owns 38,710 shares of the company’s stock valued at $1,140,000 after acquiring an additional 11,827 shares during the period. Cetera Investment Advisers boosted its position in shares of APA by 160.1% in the second quarter. Cetera Investment Advisers now owns 75,593 shares of the company’s stock valued at $2,225,000 after acquiring an additional 46,535 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of APA in the second quarter valued at approximately $308,000. Finally, Czech National Bank boosted its position in shares of APA by 9.8% in the third quarter. Czech National Bank now owns 75,353 shares of the company’s stock valued at $1,843,000 after acquiring an additional 6,740 shares during the period. Institutional investors own 83.01% of the company’s stock.

Insider Activity

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought 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 owns 12,436 shares in the company, valued at $283,292.08. This represents a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APA shares. Bernstein Bank reduced their price objective on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Citigroup reduced their price objective on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Scotiabank reduced their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Barclays reduced their price objective on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Finally, The Goldman Sachs Group reduced their target price on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.65.

APA Stock Performance

APA stock opened at $22.39 on Wednesday. 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 fifty day moving average price of $22.80 and a two-hundred day moving average price of $24.88. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04. The firm has a market capitalization of $8.28 billion, a P/E ratio of 3.16 and a beta of 3.15.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 annualized dividend and a yield of 4.47%. APA’s dividend payout ratio is currently 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.