APA Co. (NASDAQ:APA) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of APA Co. (NASDAQ:APA) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,112 shares of the company’s stock after acquiring an additional 60,245 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in APA were worth $6,806,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ping Capital Management Inc. acquired a new position in shares of APA during the fourth quarter valued at $231,000. Mather Group LLC. grew its position in APA by 100.4% in the 4th quarter. Mather Group LLC. now owns 5,960 shares of the company’s stock worth $138,000 after purchasing an additional 2,986 shares during the last quarter. Verity Asset Management Inc. acquired a new stake in shares of APA in the fourth quarter valued at approximately $286,000. abrdn plc boosted its position in shares of APA by 48.4% during the fourth quarter. abrdn plc now owns 108,311 shares of the company’s stock worth $2,504,000 after buying an additional 35,317 shares during the period. Finally, S.A. Mason LLC grew its holdings in APA by 22.6% in the 4th quarter. S.A. Mason LLC now owns 8,675 shares of the company’s stock worth $200,000 after buying an additional 1,600 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APA has been the topic of several recent analyst reports. Piper Sandler cut their target price on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. 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 report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. UBS Group dropped their target price on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, Susquehanna lowered their price target on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, APA has an average rating of “Hold” and an average target price of $30.65.

Insider Buying and Selling

In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction that occurred 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 transaction, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

APA Stock Up 0.1 %

NASDAQ:APA opened at $21.67 on Friday. The business’s fifty day moving average price is $22.76 and its 200 day moving average price is $24.77. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 3.06 and a beta of 3.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is 14.12%.

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.