APA Co. (NASDAQ:APA) Stock Position Raised by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of APA Co. (NASDAQ:APA) by 154.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 62,400 shares of the company’s stock after purchasing an additional 37,855 shares during the quarter. Tidal Investments LLC’s holdings in APA were worth $1,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Citizens Financial Group Inc. RI grew its position in shares of APA by 6.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after buying an additional 429 shares during the last quarter. Signaturefd LLC grew its position in APA by 7.1% in the 2nd quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock worth $209,000 after purchasing an additional 472 shares during the last quarter. Washington Trust Bank grew its position in APA by 5.9% in the 2nd quarter. Washington Trust Bank now owns 8,794 shares of the company’s stock worth $259,000 after purchasing an additional 492 shares during the last quarter. Empirical Finance LLC grew its position 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 purchasing an additional 497 shares during the last quarter. Finally, UMB Bank n.a. grew its position in APA by 16.9% in the 3rd quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after purchasing an additional 513 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Stock Down 4.1 %

APA stock opened at $21.05 on Wednesday. APA Co. has a 12 month low of $20.45 and a 12 month high of $37.82. The firm has a market cap of $7.79 billion, a PE ratio of 2.97 and a beta of 3.18. The firm has a 50 day simple moving average of $23.30 and a 200 day simple moving average of $26.44. 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 company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 4.75%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Analyst Upgrades and Downgrades

APA has been the subject of several recent analyst reports. Evercore ISI decreased their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Citigroup decreased their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Tuesday, November 26th. UBS Group decreased their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. The Goldman Sachs Group decreased their target price on shares of APA from $26.00 to $25.00 in a research report on Friday, October 18th. Finally, Royal Bank of Canada reduced their price target on shares of APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, APA presently has a consensus rating of “Hold” and a consensus price target of $31.14.

Insider Activity at APA

In other news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction that occurred 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 transaction, the director now owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by insiders.

APA Profile

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.