Comerica Bank Has $2.05 Million Stock Holdings in APA Co. (NASDAQ:APA)

Comerica Bank reduced its stake in shares of APA Co. (NASDAQ:APA - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,972 shares of the company's stock after selling 19,082 shares during the quarter. Comerica Bank's holdings in APA were worth $2,054,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its holdings in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after buying an additional 1,077 shares in the last quarter. Riverview Trust Co raised its stake in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of APA in the 4th quarter valued at approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company's stock valued at $37,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 83.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on APA shares. Wells Fargo & Company cut their target price on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Piper Sandler dropped their price target on shares of APA from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on APA from $27.00 to $24.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Barclays cut their target price on APA from $25.00 to $19.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Finally, Citigroup decreased their price target on APA from $20.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, APA currently has a consensus rating of "Hold" and a consensus target price of $25.79.

APA Stock Performance

Shares of APA stock opened at $16.72 on Friday. The business has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $20.95. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 2.36 and a beta of 1.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. APA Co. has a one year low of $13.58 and a one year high of $33.41.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company's quarterly revenue was up 35.1% on a year-over-year basis. On average, research analysts anticipate that APA Co. will post 4.03 earnings per share for the current fiscal year.

APA 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.

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