National Bank of Canada FI Decreases Stock Position in APA Co. (NASDAQ:APA)

National Bank of Canada FI trimmed its position in shares of APA Co. (NASDAQ:APA - Free Report) by 56.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,721 shares of the company's stock after selling 115,241 shares during the quarter. National Bank of Canada FI's holdings in APA were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after acquiring an additional 469 shares during the period. TD Private Client Wealth LLC increased its position in shares of 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. Asset Management One Co. Ltd. increased its holdings in APA by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock worth $3,070,000 after buying an additional 544 shares during the last quarter. Segment Wealth Management LLC raised its position in APA by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company's stock worth $1,269,000 after acquiring an additional 571 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after acquiring an additional 586 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of APA from $26.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday. Barclays dropped their price objective on shares of APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Raymond James cut shares of APA from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $45.00 to $32.00 in a report on Monday, March 10th. Mizuho decreased their target price on APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research report on Monday, December 16th. Finally, Susquehanna dropped their price target on APA from $33.00 to $31.00 and set a "positive" rating for the company in a report on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.58.

APA Stock Up 0.4 %

Shares of APA stock traded up $0.06 on Monday, hitting $15.10. The stock had a trading volume of 1,445,899 shares, compared to its average volume of 6,722,247. APA Co. has a 12-month low of $13.58 and a 12-month high of $33.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day moving average of $20.09 and a 200 day moving average of $22.26. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 2.13 and a beta of 2.74.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.31 billion. As a group, analysts expect that APA Co. will post 4.03 EPS for the current year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. 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 6.62%. APA's dividend payout ratio (DPR) is 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.