Mitsubishi UFJ Trust & Banking Corp Has $12.39 Million Stake in APA Corporation $APA

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of APA Corporation (NASDAQ:APA) by 23.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 506,392 shares of the company’s stock after selling 154,338 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in APA were worth $12,386,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in APA by 13.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock valued at $340,657,000 after purchasing an additional 1,674,739 shares during the period. Northern Trust Corp grew its position in APA by 29.6% in the 3rd quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock valued at $108,349,000 after purchasing an additional 1,018,326 shares during the period. AQR Capital Management LLC grew its position in APA by 157.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after purchasing an additional 1,869,891 shares during the period. Goldman Sachs Group Inc. grew its position in APA by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after purchasing an additional 806,252 shares during the period. Finally, Bank of America Corp DE grew its position in APA by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 2,498,208 shares of the company’s stock valued at $60,656,000 after purchasing an additional 193,580 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Activity at APA

In other news, Director Matthew Regis Bob sold 23,000 shares of APA stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total transaction of $833,290.00. Following the sale, the director directly owned 6,634 shares in the company, valued at $240,349.82. The trade was a 77.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on APA shares. JPMorgan Chase & Co. lifted their price target on shares of APA from $29.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, March 20th. Wells Fargo & Company lifted their price target on shares of APA from $21.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Royal Bank Of Canada lifted their price target on shares of APA from $29.00 to $45.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 8th. Morgan Stanley lifted their price target on shares of APA from $22.00 to $43.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Zacks Research raised shares of APA from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus price target of $39.50.

APA Price Performance

Shares of NASDAQ:APA opened at $40.13 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $36.77 and its two-hundred day simple moving average is $29.07. APA Corporation has a 1-year low of $15.20 and a 1-year high of $45.66. The stock has a market cap of $14.18 billion, a PE ratio of 10.06 and a beta of 0.49.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. APA had a return on equity of 19.89% and a net margin of 15.55%.The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $0.79 EPS. The business’s revenue was down 26.6% on a year-over-year basis. As a group, analysts forecast that APA Corporation will post 4.83 EPS for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 2.5%. APA’s dividend payout ratio (DPR) is 25.06%.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.