TD Asset Management Inc Has $1.20 Million Stake in APA Corporation $APA

TD Asset Management Inc raised its stake in APA Corporation (NASDAQ:APA) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,835 shares of the company’s stock after buying an additional 698 shares during the quarter. TD Asset Management Inc’s holdings in APA were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after buying an additional 1,382 shares during the period. TD Private Client Wealth LLC raised its position in shares of 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 purchasing an additional 1,104 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of APA during the second quarter worth about $49,000. SVB Wealth LLC acquired a new stake in shares of APA during the first quarter worth about $55,000. Finally, Allworth Financial LP raised its position in shares of APA by 122.5% during the first quarter. Allworth Financial LP now owns 3,084 shares of the company’s stock worth $65,000 after purchasing an additional 1,698 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on APA. Cfra Research raised APA to a “hold” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APA in a research report on Tuesday, October 14th. Barclays raised their price target on APA from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 8th. Roth Capital raised their price target on APA from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, Stephens began coverage on APA in a research report on Tuesday, August 5th. They set an “equal weight” rating and a $24.00 price target on the stock. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.74.

APA Stock Performance

APA stock opened at $22.89 on Thursday. The firm has a market cap of $8.19 billion, a PE ratio of 7.66, a P/E/G ratio of 6.40 and a beta of 1.16. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $23.03 and a 200-day moving average of $19.69. APA Corporation has a 12-month low of $13.58 and a 12-month high of $25.83.

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

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.4%. APA’s dividend payout ratio is currently 33.44%.

About APA

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.