Eastern Bank Has $53,000 Holdings in APA Co. (NASDAQ:APA)

Eastern Bank raised its position in APA Co. (NASDAQ:APA) by 355.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,275 shares of the company’s stock after purchasing an additional 1,775 shares during the period. Eastern Bank’s holdings in APA were worth $53,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APA. Citizens Financial Group Inc. RI grew its holdings in APA by 6.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after acquiring an additional 429 shares during the period. Empirical Finance LLC boosted 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 valued at $765,000 after purchasing an additional 497 shares in the last quarter. UMB Bank n.a. grew 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 purchasing an additional 513 shares during the period. NewEdge Advisors LLC increased its holdings in APA by 1.1% in the second quarter. NewEdge Advisors LLC now owns 46,603 shares of the company’s stock worth $1,372,000 after purchasing an additional 521 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its stake in APA by 1.0% in the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after buying an additional 535 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Stock Performance

Shares of APA opened at $24.85 on Wednesday. The stock has a 50 day moving average of $22.47 and a 200 day moving average of $25.61. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12 month low of $20.32 and a 12 month high of $36.04. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 3.51 and a beta of 3.16.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is currently 14.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on APA. Evercore ISI reduced their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Royal Bank of Canada decreased their price target on shares of APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Scotiabank cut their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Finally, Susquehanna cut their price target on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, APA currently has an average rating of “Hold” and a consensus price target of $30.55.

Insider Activity at APA

In other news, Director Juliet S. Ellis acquired 4,391 shares of APA stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

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.