Toronto Dominion Bank Has $9.31 Million Stake in APA Co. (NASDAQ:APA)

Toronto Dominion Bank cut its holdings in shares of APA Co. (NASDAQ:APA) by 18.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,684 shares of the company’s stock after selling 60,903 shares during the quarter. Toronto Dominion Bank owned approximately 0.07% of APA worth $9,306,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APA. American National Bank lifted its holdings in shares of APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after buying an additional 490 shares in the last quarter. Rakuten Securities Inc. bought a new stake in APA in the 4th quarter valued at about $34,000. Quent Capital LLC grew its position in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after purchasing an additional 375 shares in the last quarter. Principal Securities Inc. bought a new position in shares of APA during the fourth quarter worth approximately $39,000. Finally, Covestor Ltd raised its position in shares of APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after buying an additional 470 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on APA shares. Evercore ISI lowered APA from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $52.00 to $39.00 in a research note on Friday, June 14th. Piper Sandler increased their price objective on shares of APA from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, July 18th. Barclays cut their price target on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Wolfe Research began coverage on shares of APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Susquehanna raised their target price on APA from $54.00 to $57.00 and gave the company a “positive” rating in a report on Tuesday, May 7th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.86.

APA Stock Down 0.2 %

APA stock traded down $0.07 during mid-day trading on Friday, reaching $31.21. The stock had a trading volume of 3,493,116 shares, compared to its average volume of 4,692,342. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16. APA Co. has a fifty-two week low of $27.17 and a fifty-two week high of $46.15. The stock’s 50-day simple moving average is $29.65 and its 200-day simple moving average is $31.05. The firm has a market capitalization of $11.58 billion, a PE ratio of 3.49, a price-to-earnings-growth ratio of 0.40 and a beta of 3.26.

APA (NASDAQ:APA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a net margin of 34.04% and a return on equity of 45.32%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts forecast that APA Co. will post 4.17 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. APA’s payout ratio is 11.19%.

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.