Consilium Wealth Advisory LLC Has $265,000 Stake in APA Co. (NASDAQ:APA)

Consilium Wealth Advisory LLC trimmed its position in shares of APA Co. (NASDAQ:APA) by 7.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,489 shares of the company’s stock after selling 891 shares during the period. Consilium Wealth Advisory LLC’s holdings in APA were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in APA. Harris Associates L P boosted its position in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock worth $609,414,000 after purchasing an additional 4,293,932 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after purchasing an additional 3,411,270 shares during the period. Mizuho Securities USA LLC boosted its position in APA by 3,450.8% during the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after purchasing an additional 958,141 shares during the period. Bank of New York Mellon Corp boosted its position in APA by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company’s stock worth $94,500,000 after purchasing an additional 929,770 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in APA by 17.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock worth $100,351,000 after purchasing an additional 600,612 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

APA Trading Down 1.7 %

APA opened at $22.01 on Thursday. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. The company has a 50-day simple moving average of $22.99 and a 200 day simple moving average of $24.13. 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 stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 3.11 and a beta of 3.15.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. Analysts predict that APA Co. will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is 14.12%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective 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. Truist Financial reduced 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. Wells Fargo & Company cut shares of APA from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group reduced their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.