Woodstock Corp Sells 65,910 Shares of APA Co. (NASDAQ:APA)

Woodstock Corp reduced its stake in APA Co. (NASDAQ:APA) by 21.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 242,343 shares of the company’s stock after selling 65,910 shares during the quarter. Woodstock Corp’s holdings in APA were worth $5,596,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. TD Private Client Wealth LLC boosted its stake in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after buying an additional 540 shares during the last quarter. Huntington National Bank grew its stake in 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 purchasing an additional 561 shares during the period. Eastern Bank increased its position in shares of APA by 355.0% during the 4th quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after purchasing an additional 1,775 shares during the last quarter. Blue Trust Inc. raised its stake in shares of APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after purchasing an additional 1,604 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new position in APA during the second quarter valued at about $76,000. 83.01% of the stock is currently owned by institutional investors.

APA Trading Down 1.2 %

Shares of APA stock opened at $25.15 on Friday. The company has a market capitalization of $9.30 billion, a PE ratio of 3.55 and a beta of 3.16. APA Co. has a 52-week low of $20.32 and a 52-week high of $36.04. The business’s fifty day moving average is $22.57 and its 200 day moving average is $25.58. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

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 issued a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.98%. APA’s payout ratio is currently 14.12%.

Insider Transactions at APA

In related news, Director Juliet S. Ellis acquired 4,391 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased 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. This represents a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bernstein Bank dropped their target price on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Truist Financial dropped their price objective on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Mizuho reduced their price objective on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Evercore ISI lowered their target price on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Finally, The Goldman Sachs Group cut their price target on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.55.

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.