2 hours Ago By ABMN Staff
APA Co. ( NASDAQ:APA – Get Free Report ) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat.com reports.
Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.65.
Several analysts have weighed in on the company. Wells Fargo & Company downgraded APA from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $25.
00 in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut their price objective on shares of APA from $29.
00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Mizuho decreased 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. Scotiabank dropped their price target on shares of APA from $30.
00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Truist Financial decreased their price objective on shares of APA from $36.
00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. Check Out Our Latest Stock Report on APA APA Stock Performance APA Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st.
Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. This represents a $1.
00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, January 22nd.
APA’s dividend payout ratio is presently 14.12%. Insider Transactions at APA In other APA news, Director Juliet S.
Ellis purchased 4,391 shares of the company’s 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 represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link .
1.30% of the stock is currently owned by insiders. Hedge Funds Weigh In On APA Several institutional investors and hedge funds have recently bought and sold shares of APA.
TD Private Client Wealth LLC increased its stake in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter.
Wilmington Savings Fund Society FSB raised its stake in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares in the last quarter.
MassMutual Private Wealth & Trust FSB lifted its holdings in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after buying an additional 780 shares during the last quarter.
Huntington National Bank grew its stake in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares in the last quarter.
Finally, Venturi Wealth Management LLC increased its holdings in APA by 596.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,124 shares of the company’s stock worth $49,000 after buying an additional 1,819 shares during the last quarter.
Hedge funds and other institutional investors own 83.01% of the company’s stock. About APA ( Get 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. Featured Stories Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.
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