Mitsubishi UFJ Trust & Banking Corp Has $16.04 Million Stock Holdings in APA Corporation $APA

Mitsubishi UFJ Trust & Banking Corp raised its position in APA Corporation (NASDAQ:APA) by 27.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 660,730 shares of the company’s stock after buying an additional 140,816 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of APA worth $16,043,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in APA by 19.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,349 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares during the last quarter. Wealthfront Advisers LLC lifted its position in APA by 0.6% during the 2nd quarter. Wealthfront Advisers LLC now owns 104,858 shares of the company’s stock valued at $1,918,000 after purchasing an additional 612 shares during the period. Turtle Creek Wealth Advisors LLC boosted its stake in shares of APA by 1.5% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 44,194 shares of the company’s stock valued at $808,000 after purchasing an additional 638 shares during the last quarter. Marco Investment Management LLC grew its position in shares of APA by 1.2% during the 2nd quarter. Marco Investment Management LLC now owns 55,573 shares of the company’s stock worth $1,016,000 after buying an additional 662 shares during the period. Finally, TD Asset Management Inc grew its position in shares of APA by 1.1% during the 2nd quarter. TD Asset Management Inc now owns 65,835 shares of the company’s stock worth $1,204,000 after buying an additional 698 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

APA opened at $25.83 on Wednesday. The stock has a market cap of $9.16 billion, a P/E ratio of 6.21, a P/E/G ratio of 12.10 and a beta of 0.74. APA Corporation has a 12 month low of $13.58 and a 12 month high of $27.72. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $25.10 and a 200 day simple moving average of $23.20.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.19. APA had a return on equity of 19.86% and a net margin of 15.49%.The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts expect that APA Corporation will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Thursday, January 22nd will be given a $0.25 dividend. The ex-dividend date is Thursday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. APA’s payout ratio is currently 24.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APA in a research note on Monday, December 29th. Susquehanna increased their price target on APA from $30.00 to $32.00 and gave the company a “positive” rating in a research note on Wednesday, November 12th. Mizuho raised their price target on APA from $20.00 to $22.00 and gave the stock an “underperform” rating in a research report on Friday, December 12th. Zacks Research downgraded APA from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Evercore ISI dropped their price objective on APA from $21.00 to $16.00 in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, APA has a consensus rating of “Hold” and a consensus price target of $26.35.

APA 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.