APA Co. (NASDAQ:APA) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in APA Co. (NASDAQ:APA) by 104.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,171 shares of the company’s stock after buying an additional 23,027 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in APA were worth $1,043,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of APA by 164.2% in 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 in the last quarter. Sequoia Financial Advisors LLC grew its position in APA by 87.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,019 shares of the company’s stock valued at $392,000 after buying an additional 7,490 shares in the last quarter. International Assets Investment Management LLC acquired a new position in APA during the 3rd quarter valued at about $11,210,000. Assenagon Asset Management S.A. increased its stake in APA by 3,286.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 308,206 shares of the company’s stock valued at $7,539,000 after buying an additional 299,106 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of APA by 13.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 247,867 shares of the company’s stock worth $6,080,000 after buying an additional 29,742 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APA. Barclays lowered their price objective on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Raymond James increased their price target on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. UBS Group decreased their target price on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Finally, Mizuho lowered their target price on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $30.65.

Insider Buying and Selling at APA

In related news, Director Juliet S. Ellis acquired 4,391 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

APA Price Performance

APA opened at $22.87 on Tuesday. APA Co. has a 12-month low of $20.32 and a 12-month high of $36.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $8.46 billion, a P/E ratio of 3.23 and a beta of 3.15. The stock has a fifty day moving average of $22.94 and a 200-day moving average of $24.19.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. APA’s payout ratio is presently 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.