APA Co. (NASDAQ:APA) Shares Bought by M&T Bank Corp

M&T Bank Corp grew its position in APA Co. (NASDAQ:APA) by 187.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,281 shares of the company’s stock after acquiring an additional 36,707 shares during the period. M&T Bank Corp’s holdings in APA were worth $1,377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares in the last quarter. Rothschild Investment LLC acquired a new position in APA during the second quarter worth $42,000. Huntington National Bank raised its position in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares in the last quarter. Blue Trust Inc. lifted its holdings in APA by 164.2% in the third quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after acquiring an additional 1,604 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in APA in the second quarter valued at $76,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Down 0.3 %

Shares of APA opened at $22.86 on Monday. The firm has a market cap of $8.46 billion, a PE ratio of 3.23 and a beta of 3.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average is $23.51 and its two-hundred day moving average is $26.56. APA Co. has a fifty-two week low of $20.95 and a fifty-two week high of $37.82.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a yield of 4.37%. APA’s dividend payout ratio is presently 14.12%.

Insider Transactions at APA

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APA shares. Citigroup cut their price target on shares of APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Evercore ISI dropped their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. The Goldman Sachs Group lowered their price target on APA from $26.00 to $25.00 in a report on Friday, October 18th. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company lowered their target price on APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.52.

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.