Carnegie Lake Advisors LLC Invests $528,000 in APA Co. (NASDAQ:APA)

Carnegie Lake Advisors LLC acquired a new stake in APA Co. (NASDAQ:APA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,850 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its position in shares of APA by 1.6% during the 3rd quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock worth $765,000 after buying an additional 497 shares during the period. UMB Bank n.a. raised its stake in APA by 16.9% during the third quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after acquiring an additional 513 shares in the last quarter. Segment Wealth Management LLC lifted its holdings in shares of APA by 1.0% during the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after acquiring an additional 535 shares during the period. 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 valued at $29,000 after purchasing an additional 540 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Up 6.1 %

Shares of NASDAQ APA opened at $22.99 on Tuesday. APA Co. has a fifty-two week low of $20.32 and a fifty-two week high of $36.04. The firm has a market capitalization of $8.51 billion, a P/E ratio of 3.25 and a beta of 3.15. 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 company’s 50 day simple moving average is $22.77 and its 200 day simple moving average is $24.63.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.35%. APA’s dividend payout ratio is currently 14.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Piper Sandler cut their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of APA in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Mizuho reduced their price objective on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Finally, Susquehanna lowered their target price on APA from $52.00 to $48.00 and set a “positive” rating for the company in a research note on Friday, October 18th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.65.

Insider Buying and Selling

In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $22.78 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.

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.