Bank of America Corp DE Makes New Investment in APA Corporation $APA
MarketBeat
Bank of America Corp DE has acquired a new stake in APA Corporation, purchasing 1.44 million shares valued at approximately $47 million, giving it a 0.41% stake. Institutional investors collectively own 83.01% of APA. The energy company recently reported quarterly results that slightly missed expectations, authorized a 40 million-share repurchase program, and declared a $0.25 quarterly dividend, while analysts maintain a consensus "Hold" rating with a $42.97 price target.
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