Radnor Capital Management LLC Sells 5,977 Shares of APA Co. (NASDAQ:APA)

Radnor Capital Management LLC reduced its position in shares of APA Co. (NASDAQ:APA) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,974 shares of the company’s stock after selling 5,977 shares during the quarter. Radnor Capital Management LLC’s holdings in APA were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings 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. Huntington National Bank raised its stake in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares in the last quarter. Eastern Bank lifted its holdings in APA by 355.0% during the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock worth $53,000 after buying an additional 1,775 shares during the period. Blue Trust Inc. boosted its position in APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after acquiring an additional 1,604 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of APA in the 2nd quarter valued at $76,000. 83.01% of the stock is owned by institutional investors.

APA Stock Up 2.4 %

APA stock opened at $25.45 on Thursday. The company has a market capitalization of $9.42 billion, a P/E ratio of 3.59 and a beta of 3.16. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04. The firm’s fifty day simple moving average is $22.49 and its 200-day simple moving average is $25.58. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio is currently 14.12%.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction dated 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. This trade represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APA. Citigroup decreased their price objective on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, November 26th. Piper Sandler lowered their price target on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Mizuho cut their price objective on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 target price on shares of APA in a research report on Wednesday. Finally, Scotiabank cut their price target on shares of 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 issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and an average target price 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.