Mitsubishi UFJ Trust & Banking Corp lifted its stake in APA Co. (NASDAQ:APA - Free Report) by 83.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 723,376 shares of the company's stock after buying an additional 328,213 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of APA worth $16,703,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of APA. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co raised its stake in shares of APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after acquiring an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of APA by 77.9% in the 4th 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 in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in APA during the 4th quarter worth approximately $35,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in 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 in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.
APA Trading Down 0.4 %
Shares of APA stock traded down $0.09 on Wednesday, reaching $21.04. The company had a trading volume of 1,206,315 shares, compared to its average volume of 6,453,465. The stock has a market cap of $7.66 billion, a PE ratio of 2.97 and a beta of 3.26. The company has a 50-day moving average of $21.46 and a 200-day moving average of $22.87. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA Co. has a 12 month low of $17.66 and a 12 month high of $36.05.
APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, equities analysts forecast that APA Co. will post 4.03 earnings per share for the current year.
APA Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's payout ratio is presently 44.25%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 price objective on shares of APA in a research note on Wednesday, March 19th. Piper Sandler decreased their price objective on shares of APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. UBS Group dropped their target price on shares of APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of APA from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Finally, Barclays lowered their price target on shares of APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.25.
Read Our Latest Report on APA
APA Company Profile
(
Free Report)
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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