MeadowBrook Investment Advisors LLC Sells 2,365 Shares of APA Co. (NASDAQ:APA)

MeadowBrook Investment Advisors LLC cut its stake in APA Co. (NASDAQ:APA) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,292 shares of the company’s stock after selling 2,365 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in APA were worth $469,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Empirical Finance LLC grew its stake in shares of APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after acquiring an additional 497 shares during the period. Segment Wealth Management LLC grew its stake in shares of APA by 1.0% in the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock worth $1,330,000 after acquiring an additional 535 shares during the period. TD Private Client Wealth LLC grew its stake in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the period. Huntington National Bank grew its stake in shares of APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the period. 83.01% of the stock is currently owned by institutional investors.

APA Trading Up 1.4 %

Shares of APA opened at $23.31 on Wednesday. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. The company has a market cap of $8.62 billion, a P/E ratio of 3.29 and a beta of 3.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $22.79 and its 200-day simple moving average is $24.57.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is presently 14.12%.

Insider Transactions at APA

In related news, Director Juliet S. Ellis purchased 4,391 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost 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 in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

APA has been the subject of several recent research reports. Barclays cut their target price 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. Truist Financial cut their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Citigroup cut their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. Wells Fargo & Company lowered shares of APA from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.65.

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.