Transcend Capital Advisors LLC Has $241,000 Holdings in APA Co. (NASDAQ:APA)

Transcend Capital Advisors LLC boosted its holdings in shares of APA Co. (NASDAQ:APA) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,449 shares of the company’s stock after acquiring an additional 643 shares during the quarter. Transcend Capital Advisors LLC’s holdings in APA were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of APA. TD Private Client Wealth LLC boosted its position in APA by 84.1% during the 3rd 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. Wilmington Savings Fund Society FSB boosted its position in APA by 77.9% during the 4th 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. MassMutual Private Wealth & Trust FSB boosted its position in APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after acquiring an additional 780 shares during the period. Huntington National Bank boosted its position in APA by 48.8% during the 3rd 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, Venturi Wealth Management LLC boosted its position in APA by 596.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,124 shares of the company’s stock worth $49,000 after acquiring an additional 1,819 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APA. Piper Sandler reduced their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Citigroup reduced their price target on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Raymond James lifted their price target on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, APA has an average rating of “Hold” and an average target price of $30.65.

APA Stock Performance

Shares of NASDAQ APA opened at $22.79 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $22.92 and its two-hundred day moving average is $24.22. The company has a market cap of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s dividend payout ratio is currently 14.12%.

Insiders Place Their Bets

In other APA news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This represents a 54.58 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.