NBT Bank N A NY Has $26,000 Position in APA Corporation $APA

NBT Bank N A NY reduced its position in shares of APA Corporation (NASDAQ:APA) by 71.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,401 shares of the company’s stock after selling 3,442 shares during the period. NBT Bank N A NY’s holdings in APA were worth $26,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in shares of APA by 2,709.8% during the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock worth $30,000 after buying an additional 1,382 shares during the period. Rakuten Securities Inc. raised its holdings in APA by 499.2% during the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after acquiring an additional 1,288 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in APA by 144.9% during the second quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company’s stock worth $34,000 after acquiring an additional 1,104 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in APA during the second quarter worth about $49,000. Finally, SVB Wealth LLC bought a new stake in APA during the first quarter worth about $55,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Stock Down 3.8%

APA stock opened at $23.66 on Friday. The stock’s 50 day simple moving average is $22.42 and its 200 day simple moving average is $19.52. APA Corporation has a fifty-two week low of $13.58 and a fifty-two week high of $27.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $8.47 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 7.07 and a beta of 1.16.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.42. APA had a return on equity of 20.98% and a net margin of 10.53%.The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, research analysts expect that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 22nd. APA’s payout ratio is currently 33.44%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays upped their target price on APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 8th. Stephens assumed coverage on APA in a report on Tuesday, August 5th. They set an “equal weight” rating and a $24.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of APA in a report on Saturday, September 27th. Scotiabank upped their target price on APA from $22.00 to $26.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, UBS Group upped their target price on APA from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.47.

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.