Newbridge Financial Services Group Inc. Sells 1,000 Shares of APA Co. (NASDAQ:APA)

Newbridge Financial Services Group Inc. reduced its position in shares of APA Co. (NASDAQ:APA) by 30.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,250 shares of the company’s stock after selling 1,000 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in APA were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its position in shares of APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after buying an additional 3,411,270 shares in the last quarter. Harris Associates L P lifted its position in shares of APA by 20.8% during the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after buying an additional 4,293,932 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of APA by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after buying an additional 485,291 shares in the last quarter. Smead Capital Management Inc. lifted its position in shares of APA by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock valued at $236,466,000 after buying an additional 326,042 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of APA by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock valued at $226,928,000 after buying an additional 224,547 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on APA. JPMorgan Chase & Co. lowered their price objective on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Bernstein Bank lowered their price target on APA from $30.00 to $28.00 in a report on Friday, October 18th. Truist Financial lowered their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of APA in a report on Thursday, January 23rd. Finally, Wells Fargo & Company cut APA from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, APA presently has an average rating of “Hold” and a consensus price target of $30.65.

APA Stock Up 1.4 %

Shares of APA opened at $23.31 on Wednesday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 3.29 and a beta of 3.15. 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 business’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $24.57. APA Co. has a 1 year low of $20.32 and a 1 year high of $36.04.

APA Dividend Announcement

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

Insider Activity

In related news, Director Juliet S. Ellis bought 4,391 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.30% of the company’s stock.

APA Company 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.