APA Co. (NASDAQ:APA) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in APA Co. (NASDAQ:APA) by 16.1% during the 4th quarter, HoldingsChannel reports. The fund owned 58,400 shares of the company’s stock after acquiring an additional 8,118 shares during the quarter. Cibc World Markets Corp’s holdings in APA were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC increased its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co grew its position in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after buying an additional 586 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after acquiring an additional 780 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in APA by 86.8% during the 4th quarter. Rothschild Investment LLC now owns 2,087 shares of the company’s stock valued at $48,000 after acquiring an additional 970 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on APA. Wells Fargo & Company downgraded shares of APA from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. UBS Group lowered their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Mizuho dropped their price target on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.60.

APA Stock Performance

APA opened at $20.61 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $21.97 and its 200-day moving average is $23.08. The stock has a market cap of $7.50 billion, a PE ratio of 2.91 and a beta of 3.26. APA Co. has a twelve month low of $17.66 and a twelve month high of $36.05.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. On average, analysts predict that APA Co. will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.85%. APA’s dividend payout ratio is presently 44.25%.

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.