Mitsubishi UFJ Asset Management Co. Ltd. Buys 1,140 Shares of APA Co. (NASDAQ:APA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of APA Co. (NASDAQ:APAFree Report) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,230 shares of the company’s stock after buying an additional 1,140 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.10% of APA worth $10,923,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of APA. Annis Gardner Whiting Capital Advisors LLC bought a new position in APA during the third quarter worth about $34,000. Quent Capital LLC raised its stake in shares of APA by 64.0% during the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after acquiring an additional 375 shares in the last quarter. Rakuten Securities Inc. purchased a new position in shares of APA in the fourth quarter worth $34,000. Principal Securities Inc. purchased a new position in shares of APA in the fourth quarter worth $39,000. Finally, Altshuler Shaham Ltd bought a new stake in APA in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Up 1.2 %

NASDAQ APA opened at $30.88 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $11.46 billion, a P/E ratio of 3.45 and a beta of 3.29. APA Co. has a one year low of $28.90 and a one year high of $46.15. The stock has a 50 day moving average price of $32.56 and a 200-day moving average price of $33.32.

APA (NASDAQ:APAGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. As a group, equities analysts predict that APA Co. will post 4.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on APA shares. StockNews.com cut shares of APA from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Mizuho boosted their target price on APA from $32.00 to $34.00 and gave the stock an “underperform” rating in a research report on Monday, May 13th. Susquehanna upped their price target on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a research report on Tuesday, May 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of APA in a research report on Monday, April 8th. Finally, Truist Financial reduced their target price on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a report on Friday, April 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average target price of $42.20.

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About APA

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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.

Further Reading

Institutional Ownership by Quarter for APA (NASDAQ:APA)

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