Radnor Capital Management LLC Cuts Position in APA Co. (NASDAQ:APA)

Radnor Capital Management LLC lowered its holdings in shares of APA Co. (NASDAQ:APA) by 21.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,974 shares of the company’s stock after selling 5,977 shares during the quarter. Radnor Capital Management LLC’s holdings in APA were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its stake in shares of APA by 6.7% during the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after purchasing an additional 429 shares in the last quarter. Empirical Finance LLC boosted its holdings in APA by 1.6% in the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after buying an additional 497 shares during the last quarter. UMB Bank n.a. increased its stake in APA by 16.9% during the 3rd quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after buying an additional 513 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of APA by 1.1% during the second quarter. NewEdge Advisors LLC now owns 46,603 shares of the company’s stock valued at $1,372,000 after acquiring an additional 521 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its position in shares of APA by 1.0% in the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after acquiring an additional 535 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Trading Up 2.4 %

Shares of APA stock opened at $25.45 on Thursday. APA Co. has a 1-year low of $20.32 and a 1-year high of $36.04. The firm has a market cap of $9.42 billion, a PE ratio of 3.59 and a beta of 3.16. The company has a 50-day moving average of $22.49 and a two-hundred day moving average of $25.58. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a yield of 3.93%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Wall Street Analyst Weigh In

APA has been the subject of several recent research reports. 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 Wednesday. Piper Sandler reduced their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Susquehanna lowered their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Barclays cut 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. Finally, Bernstein Bank lowered their target price on APA from $30.00 to $28.00 in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.55.

Insider Buying and Selling at APA

In other news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now directly owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

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.