Compass Capital Corp MA ADV Acquires New Position in APA Co. (NASDAQ:APA)

Compass Capital Corp MA ADV acquired a new stake in shares of APA Co. (NASDAQ:APA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,685 shares of the company’s stock, valued at approximately $468,000.

A number of other hedge funds also recently made changes to their positions in the stock. Ieq Capital LLC grew its stake in shares of APA by 104.3% during the 4th quarter. Ieq Capital LLC now owns 48,609 shares of the company’s stock valued at $1,122,000 after acquiring an additional 24,819 shares during the period. Alberta Investment Management Corp bought a new position in shares of APA during the 4th quarter valued at approximately $6,255,000. Atria Wealth Solutions Inc. grew its stake in shares of APA by 104.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 45,171 shares of the company’s stock valued at $1,043,000 after acquiring an additional 23,027 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of APA by 6.1% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 1,532,360 shares of the company’s stock valued at $35,382,000 after acquiring an additional 88,656 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of APA by 596.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,124 shares of the company’s stock valued at $49,000 after acquiring an additional 1,819 shares during the period. 83.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Juliet S. Ellis purchased 4,391 shares of the business’s 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 completion of the purchase, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This represents a 54.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APA. Piper Sandler cut their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. UBS Group dropped their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. Citigroup dropped their price target on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Finally, 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 research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, eleven have given 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.com, APA presently has an average rating of “Hold” and an average target price of $30.65.

APA Stock Performance

APA stock opened at $23.61 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $22.92 and its two-hundred day simple moving average is $24.30. APA Co. has a twelve month low of $20.32 and a twelve month high of $36.04. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 3.33 and a beta of 3.15.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.24%. APA’s dividend payout ratio is currently 14.12%.

APA Company 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.