Murphy Pohlad Asset Management LLC Sells 3,194 Shares of APA Co. (NASDAQ:APA)

Murphy Pohlad Asset Management LLC lessened its holdings in shares of APA Co. (NASDAQ:APAFree Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,448 shares of the company’s stock after selling 3,194 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in APA were worth $2,273,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of APA by 1.4% during the second quarter. Sei Investments Co. now owns 85,203 shares of the company’s stock worth $2,507,000 after acquiring an additional 1,140 shares in the last quarter. MBB Public Markets I LLC purchased a new stake in APA during the 2nd quarter valued at $663,000. The Manufacturers Life Insurance Company grew its holdings in APA by 23.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 293,268 shares of the company’s stock worth $8,634,000 after acquiring an additional 54,985 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of APA by 10.4% in the second quarter. Mackenzie Financial Corp now owns 28,009 shares of the company’s stock valued at $825,000 after acquiring an additional 2,638 shares during the period. Finally, Creative Planning raised its stake in shares of APA by 70.3% during the second quarter. Creative Planning now owns 63,625 shares of the company’s stock valued at $1,873,000 after acquiring an additional 26,260 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APA shares. Barclays reduced their target price on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Truist Financial decreased their target price on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Raymond James raised their price objective on APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group decreased their price objective on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Mizuho dropped their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, APA has an average rating of “Hold” and an average target price of $30.65.

View Our Latest Analysis on APA

Insider Activity at APA

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the transaction, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

APA Trading Down 0.7 %

Shares of APA opened at $23.18 on Thursday. The company’s fifty day moving average is $22.84 and its 200 day moving average is $25.20. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $8.58 billion, a PE ratio of 3.27 and a beta of 3.16.

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio is currently 14.12%.

APA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APA (NASDAQ:APA)

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