Baader Bank Aktiengesellschaft Buys 14,980 Shares of APA Co. (NASDAQ:APA)

Baader Bank Aktiengesellschaft raised its stake in shares of APA Co. (NASDAQ:APA) by 175.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,500 shares of the company’s stock after acquiring an additional 14,980 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in APA were worth $543,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after buying an additional 540 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after acquiring an additional 780 shares in the last quarter. Huntington National Bank increased its stake in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the period. Eastern Bank increased its stake in APA by 355.0% in the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after acquiring an additional 1,775 shares during the period. Finally, Blue Trust Inc. lifted its stake in APA by 164.2% during the third quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after purchasing an additional 1,604 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Buying and Selling at APA

In related news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the transaction, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup lowered their price objective on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Mizuho lowered their price target on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group cut their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. Piper Sandler lowered their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Finally, Barclays cut their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.65.

APA Stock Down 0.8 %

Shares of NASDAQ:APA opened at $22.99 on Friday. 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 stock has a market cap of $8.51 billion, a price-to-earnings ratio of 3.25 and a beta of 3.16. The company has a 50 day moving average of $22.85 and a 200-day moving average of $25.18. APA Co. has a one year low of $20.32 and a one year high of $36.04.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Wednesday, January 22nd. APA’s dividend payout ratio is presently 14.12%.

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.