Coldstream Capital Management Inc. Grows Holdings in APA Co. (NASDAQ:APA)

Coldstream Capital Management Inc. lifted its position in shares of APA Co. (NASDAQ:APA) by 23.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,162 shares of the company’s stock after buying an additional 2,325 shares during the quarter. Coldstream Capital Management Inc.’s holdings in APA were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its stake in APA by 12.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after acquiring an additional 3,411,270 shares during the period. Harris Associates L P boosted its holdings in shares of APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock worth $609,414,000 after purchasing an additional 4,293,932 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of APA by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after purchasing an additional 485,291 shares during the period. Smead Capital Management Inc. increased its stake in APA by 3.5% in the third quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock valued at $236,466,000 after purchasing an additional 326,042 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in APA by 2.5% during the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock worth $226,928,000 after buying an additional 224,547 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Performance

NASDAQ:APA opened at $22.86 on Monday. The firm has a 50-day moving average of $23.51 and a two-hundred day moving average of $26.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $8.46 billion, a P/E ratio of 3.23 and a beta of 3.18. APA Co. has a 1-year low of $20.95 and a 1-year high of $37.82.

APA Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.37%. APA’s dividend payout ratio (DPR) is presently 14.12%.

Insiders Place Their Bets

In related news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. The trade was a 54.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APA has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Mizuho cut their price target on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada decreased their price target on shares of APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. The Goldman Sachs Group dropped their price objective on APA from $26.00 to $25.00 in a report on Friday, October 18th. Finally, Scotiabank reduced their target price on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.52.

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.