165,451 APA Corporation $APA Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in shares of APA Corporation (NASDAQ:APA) by 5,619.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,395 shares of the company’s stock after purchasing an additional 165,451 shares during the period. TD Waterhouse Canada Inc.’s holdings in APA were worth $7,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Hollencrest Capital Management increased its position in APA by 520.8% in the first quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of APA during the 1st quarter valued at $28,000. Compass Financial Management LLC purchased a new position in shares of APA during the 2nd quarter valued at $33,000. MidFirst Bank bought a new position in shares of APA during the 2nd quarter worth $33,000. Finally, Global Assets Advisory LLC bought a new position in shares of APA during the 1st quarter worth $44,000. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of NASDAQ:APA opened at $49.76 on Tuesday. The company has a 50 day moving average of $43.89 and a 200 day moving average of $39.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.43 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.82 and a beta of 0.42. APA Corporation has a 12 month low of $21.63 and a 12 month high of $49.85.

APA (NASDAQ:APA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the business earned $0.87 earnings per share. As a group, sell-side analysts forecast that APA Corporation will post 6.00 EPS for the current fiscal year.

APA announced that its board has initiated a stock buyback plan on Wednesday, September 16th that allows the company to repurchase 40,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Share buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, October 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 22nd. APA’s dividend payout ratio (DPR) is 21.14%.

Wall Street Analyst Weigh In

APA has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on APA in a research note on Wednesday, September 9th. They issued a “buy” rating and a $62.00 price objective on the stock. Zacks Research upgraded shares of APA from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Scotiabank initiated coverage on shares of APA in a research note on Wednesday, October 14th. They issued a “sector perform” rating and a $44.00 target price for the company. Weiss Ratings upgraded shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 17th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $41.00 price target on shares of APA in a research report on Sunday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $44.38.

About APA

APA Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying hydrocarbon resources, drilling and completing wells, operating producing properties, and managing related infrastructure.

APA’s principal producing areas include the Permian Basin in the United States and Egypt’s Western Desert, where it operates through joint ventures with the Egyptian General Petroleum Corporation.