Segment Wealth Management LLC Grows Stock Position in APA Co. (NASDAQ:APA)

Segment Wealth Management LLC raised its holdings in shares of APA Co. (NASDAQ:APA) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,938 shares of the company’s stock after acquiring an additional 571 shares during the quarter. Segment Wealth Management LLC’s holdings in APA were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Woodstock Corp lifted its position in shares of APA by 20.3% in the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock valued at $7,540,000 after acquiring an additional 51,993 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in APA by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after purchasing an additional 485,291 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in APA in the 3rd quarter valued at about $7,238,000. Victory Capital Management Inc. boosted its stake in shares of APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after purchasing an additional 149,762 shares during the last quarter. Finally, PVG Asset Management Corp purchased a new stake in shares of APA during the third quarter worth about $757,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Down 3.0 %

Shares of NASDAQ APA opened at $24.40 on Tuesday. The stock has a fifty day moving average price of $22.67 and a 200 day moving average price of $25.45. 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 12-month low of $20.32 and a 12-month high of $36.04. The company has a market cap of $9.03 billion, a P/E ratio of 3.45 and a beta of 3.16.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.10%. APA’s dividend payout ratio (DPR) is currently 14.12%.

Insider Activity at APA

In other news, Director Juliet S. Ellis acquired 4,391 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of APA in a research note on Wednesday, January 15th. Scotiabank decreased their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. Truist Financial reduced their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Barclays lowered their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, APA has a consensus rating of “Hold” and an average target price of $30.55.

About APA

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.