OLD National Bancorp IN Raises Holdings in APA Co. (NASDAQ:APA)

OLD National Bancorp IN increased its holdings in APA Co. (NASDAQ:APA) by 20.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,254 shares of the company’s stock after buying an additional 44,024 shares during the period. OLD National Bancorp IN owned about 0.07% of APA worth $5,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC lifted its position in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of APA by 93.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares in the last quarter. Huntington National Bank lifted its holdings in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Eastern Bank boosted its position in shares of APA by 355.0% in the 4th quarter. Eastern Bank now owns 2,275 shares of the company’s stock worth $53,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after buying an additional 1,604 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

Insider Transactions at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents 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. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial decreased their price target on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Bernstein Bank cut their price target on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Piper Sandler dropped their price objective 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, Mizuho reduced their target price on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Monday, December 16th. Four 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.65.

APA Trading Down 0.8 %

Shares of APA stock opened at $22.99 on Friday. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The company 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 debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a 50 day simple moving average of $22.85 and a 200-day simple moving average of $25.18.

APA Announces Dividend

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 given a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.35%. APA’s dividend payout ratio (DPR) is 14.12%.

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.