APA Corporation $APA Stock Position Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of APA Corporation (NASDAQ:APA) by 1,329.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 24,080 shares of the company’s stock after buying an additional 22,395 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in APA were worth $604,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after buying an additional 1,869,891 shares during the period. Evergreen Capital Management LLC grew its stake in APA by 7,627.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,013,516 shares of the company’s stock valued at $24,608,000 after acquiring an additional 1,000,400 shares in the last quarter. SG Americas Securities LLC grew its stake in APA by 160.5% during the 3rd quarter. SG Americas Securities LLC now owns 336,277 shares of the company’s stock valued at $8,165,000 after acquiring an additional 892,438 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of APA by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after purchasing an additional 806,252 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of APA by 528.8% in the second quarter. Quantinno Capital Management LP now owns 681,588 shares of the company’s stock worth $12,466,000 after purchasing an additional 573,193 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Jefferies Financial Group lifted their target price on shares of APA from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $35.00 price target on shares of APA in a research note on Wednesday, January 21st. Piper Sandler increased their price objective on APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, November 18th. Finally, UBS Group boosted their target price on APA from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.35.

APA Stock Down 2.0%

APA stock opened at $25.89 on Tuesday. The firm has a market cap of $9.18 billion, a PE ratio of 6.22, a PEG ratio of 13.53 and a beta of 0.74. APA Corporation has a 1 year low of $13.58 and a 1 year high of $27.72. The company has a fifty day simple moving average of $25.28 and a 200 day simple moving average of $23.41. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.19. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.The business’s revenue was down 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. Sell-side analysts anticipate that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Thursday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, January 22nd. APA’s payout ratio is 24.04%.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.