APA Corporation $APA Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in shares of APA Corporation (NASDAQ:APA) by 159.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 102,950 shares of the company’s stock after purchasing an additional 63,245 shares during the quarter. Cibc World Market Inc.’s holdings in APA were worth $2,518,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APA. Goldman Sachs Group Inc. increased its holdings in shares of APA by 76.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after acquiring an additional 3,117,032 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of APA by 157.1% during the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after acquiring an additional 1,869,891 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of APA by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock valued at $340,657,000 after acquiring an additional 1,674,739 shares in the last quarter. Northern Trust Corp increased its holdings in shares of APA by 29.6% during the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock valued at $108,349,000 after acquiring an additional 1,018,326 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in APA by 148.6% in the 3rd quarter. Alliancebernstein L.P. now owns 1,398,452 shares of the company’s stock worth $33,954,000 after buying an additional 835,956 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Activity at APA

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the sale, the director owned 6,634 shares in the company, valued at approximately $240,349.82. This represents a 77.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Mark D. Maddox sold 9,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the sale, the vice president owned 66,810 shares in the company, valued at approximately $2,675,072.40. This represents a 12.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APA shares. Zacks Research downgraded shares of APA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Bank of America increased their price target on shares of APA from $23.00 to $27.00 and gave the stock an “underperform” rating in a report on Monday, March 16th. Wall Street Zen upgraded shares of APA from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. UBS Group increased their price target on shares of APA from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Wells Fargo & Company increased their price target on shares of APA from $21.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Eight analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $40.96.

APA Trading Up 3.0%

APA stock opened at $37.66 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. APA Corporation has a 12 month low of $17.74 and a 12 month high of $45.66. The stock’s 50 day simple moving average is $38.79 and its two-hundred day simple moving average is $31.72. The firm has a market cap of $13.31 billion, a PE ratio of 8.78 and a beta of 0.34.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. Analysts anticipate that APA Corporation will post 5.18 earnings per share for the current year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Wednesday, July 22nd. APA’s dividend payout ratio is currently 23.31%.

APA Company 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.