APA Co. (NASDAQ:APA) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in shares of APA Co. (NASDAQ:APA) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 254,254 shares of the company’s stock after purchasing an additional 44,024 shares during the quarter. OLD National Bancorp IN’s holdings in APA were worth $5,871,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sei Investments Co. raised its position in shares of APA by 1.4% during the 2nd quarter. Sei Investments Co. now owns 85,203 shares of the company’s stock valued at $2,507,000 after buying an additional 1,140 shares during the period. The Manufacturers Life Insurance Company raised its position in APA by 23.1% in the second quarter. The Manufacturers Life Insurance Company now owns 293,268 shares of the company’s stock valued at $8,634,000 after purchasing an additional 54,985 shares during the period. Mackenzie Financial Corp lifted its stake in shares of APA by 10.4% in the 2nd quarter. Mackenzie Financial Corp now owns 28,009 shares of the company’s stock valued at $825,000 after purchasing an additional 2,638 shares during the last quarter. Creative Planning grew its holdings in shares of APA by 70.3% during the 2nd quarter. Creative Planning now owns 63,625 shares of the company’s stock worth $1,873,000 after purchasing an additional 26,260 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of APA by 1.1% during the 2nd quarter. NewEdge Advisors LLC now owns 46,603 shares of the company’s stock worth $1,372,000 after purchasing an additional 521 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Stock Down 0.8 %

APA stock opened at $22.99 on Friday. The company has a market capitalization of $8.51 billion, a P/E ratio of 3.25 and a beta of 3.16. 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 fifty-two week low of $20.32 and a fifty-two week high of $36.04. The stock has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $25.18.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.35%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Insider Activity

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APA shares. Scotiabank lowered their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Bernstein Bank dropped their target price on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Barclays decreased their price target on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Mizuho dropped their price objective on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Monday, December 16th. Finally, Raymond James increased their target price on APA from $44.00 to $45.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $30.65.

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.