TD Waterhouse Canada Inc. Increases Position in APA Corporation $APA

TD Waterhouse Canada Inc. increased its holdings in APA Corporation (NASDAQ:APA) by 1,329.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,080 shares of the company’s stock after purchasing an additional 22,395 shares during the period. TD Waterhouse Canada Inc.’s holdings in APA were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APA. Deseret Mutual Benefit Administrators grew its position in APA by 276.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after acquiring an additional 891 shares during the period. CVA Family Office LLC grew its stake in shares of APA by 6,096.7% in the second quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after buying an additional 1,829 shares in the last quarter. Spire Wealth Management grew its position in APA by 179.6% in the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after acquiring an additional 977 shares in the last quarter. MAI Capital Management increased its stake in APA by 76.5% during the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock worth $39,000 after buying an additional 925 shares during the period. Finally, Whittier Trust Co. boosted its holdings in APA by 214.3% in the second quarter. Whittier Trust Co. now owns 2,200 shares of the company’s stock valued at $40,000 after purchasing an additional 1,500 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APA has been the subject of several research analyst reports. Capital One Financial dropped their target price on shares of APA from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Susquehanna boosted their price target on shares of APA from $30.00 to $32.00 and gave the company a “positive” rating in a report on Wednesday, November 12th. BMO Capital Markets raised their price target on shares of APA from $28.00 to $30.00 and gave the company a “market perform” rating in a research note on Monday, October 13th. Jefferies Financial Group lifted their price objective 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. Finally, William Blair started coverage on APA in a report on Wednesday, November 26th. They set an “outperform” rating and a $32.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, APA currently has a consensus rating of “Hold” and a consensus price target of $26.35.

APA Price Performance

NASDAQ APA opened at $25.89 on Tuesday. APA Corporation has a 1 year low of $13.58 and a 1 year high of $27.72. The business’s fifty day moving average is $25.28 and its two-hundred day moving average is $23.41. The stock has a market capitalization of $9.18 billion, a P/E ratio of 6.22, a P/E/G ratio of 13.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.19. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. On average, research analysts forecast 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 Monday, February 23rd. Shareholders of record on Thursday, January 22nd will be issued a dividend of $0.25 per share. 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 presently 24.04%.

APA 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.