Lmcg Investments LLC Has $619,000 Stock Position in APA Co. (NASDAQ:APA)

Lmcg Investments LLC cut its stake in shares of APA Co. (NASDAQ:APA) by 20.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,792 shares of the company’s stock after selling 6,725 shares during the quarter. Lmcg Investments LLC’s holdings in APA were worth $619,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APA. Harris Associates L P boosted its holdings in shares of APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after buying an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after acquiring an additional 3,411,270 shares during the period. Mizuho Securities USA LLC increased its stake in shares of APA by 3,450.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock worth $24,115,000 after purchasing an additional 958,141 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of APA by 112.6% in the second quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after buying an additional 767,557 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of APA by 17.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,102,659 shares of the company’s stock worth $100,351,000 after acquiring an additional 600,612 shares during the period. 83.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on APA. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price target on shares of APA in a report on Wednesday, January 15th. Evercore ISI lowered their price target on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th. UBS Group reduced their price target on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays dropped their price target on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Finally, Mizuho dropped their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research report on Monday, December 16th. Four investment 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 MarketBeat.com, APA currently has a consensus rating of “Hold” and a consensus target price of $30.55.

Insider Activity

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

APA Stock Performance

Shares of APA stock opened at $23.70 on Wednesday. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 3.35 and a beta of 3.16. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $22.70 and its 200-day moving average price is $25.42. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is currently 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.