APA Co. (NASDAQ:APA) Shares Purchased by Wealthquest Corp

Wealthquest Corp raised its holdings in APA Co. (NASDAQ:APA) by 14.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 177,241 shares of the company’s stock after buying an additional 23,041 shares during the period. APA makes up about 0.3% of Wealthquest Corp’s holdings, making the stock its 24th largest position. Wealthquest Corp’s holdings in APA were worth $4,093,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in APA by 12.2% in the second quarter. Envestnet Asset Management Inc. now owns 193,069 shares of the company’s stock valued at $5,684,000 after acquiring an additional 20,943 shares during the last quarter. Amalgamated Bank increased its position in shares of APA by 5.8% during the second quarter. Amalgamated Bank now owns 114,691 shares of the company’s stock worth $3,377,000 after purchasing an additional 6,303 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of APA by 1,021.3% in the 2nd quarter. Intech Investment Management LLC now owns 121,097 shares of the company’s stock valued at $3,565,000 after purchasing an additional 110,297 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of APA by 15.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 15,150 shares of the company’s stock valued at $446,000 after purchasing an additional 2,002 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in APA during the 2nd quarter worth approximately $1,245,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Wednesday, January 15th. Barclays reduced their price target 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. Mizuho lowered their price objective on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. Truist Financial dropped their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, UBS Group decreased their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.55.

APA Price Performance

Shares of NASDAQ APA opened at $24.40 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a one year low of $20.32 and a one year high of $36.04. The firm has a market capitalization of $9.03 billion, a P/E ratio of 3.45 and a beta of 3.16. The company’s fifty day moving average is $22.67 and its two-hundred day moving average is $25.45.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given 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 4.10%. APA’s payout ratio is currently 14.12%.

Insider Buying and Selling at APA

In other news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The purchase 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.

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.