APA Co. (NASDAQ:APA) Shares Sold by Transcendent Capital Group LLC

Transcendent Capital Group LLC cut its position in APA Co. (NASDAQ:APA) by 30.2% in the fourth quarter, Holdings Channel reports. The firm owned 1,304 shares of the company’s stock after selling 565 shares during the period. Transcendent Capital Group LLC’s holdings in APA were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock valued at $1,780,000 after purchasing an additional 469 shares during the period. Empirical Finance LLC boosted its position in shares of APA by 1.6% in the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after purchasing an additional 497 shares during the period. TD Private Client Wealth LLC boosted its position 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 purchasing an additional 540 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of APA by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock valued at $3,070,000 after purchasing an additional 544 shares during the period. Finally, Huntington National Bank boosted its position in shares of APA by 48.8% in the 3rd 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. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Performance

NASDAQ APA opened at $22.38 on Wednesday. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The company has a market capitalization of $8.28 billion, a P/E ratio of 3.16 and a beta of 3.15. The business has a 50 day moving average price of $22.97 and a 200 day moving average price of $24.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is currently 14.12%.

Analyst Ratings Changes

A number of brokerages recently issued reports on APA. Piper Sandler decreased their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Barclays decreased 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. The Goldman Sachs Group decreased their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company cut APA from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, Truist Financial decreased their price objective on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.65.

Insider Activity at APA

In other news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

About APA

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.