Mufg Securities Americas Inc. Invests $126,000 in APA Co. (NASDAQ:APA)

Mufg Securities Americas Inc. acquired a new position in shares of APA Co. (NASDAQ:APA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,462 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its stake in APA by 0.6% in the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock valued at $1,780,000 after acquiring an additional 469 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in APA by 1.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company’s stock valued at $1,018,000 after acquiring an additional 517 shares during the period. Asset Management One Co. Ltd. grew its stake in APA by 0.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock valued at $3,070,000 after acquiring an additional 544 shares during the period. Segment Wealth Management LLC grew its stake in APA by 1.1% in the 4th quarter. Segment Wealth Management LLC now owns 54,938 shares of the company’s stock valued at $1,269,000 after acquiring an additional 571 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Stock Down 1.0%

NASDAQ APA opened at $17.59 on Friday. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $20.71. The firm has a market cap of $6.36 billion, a PE ratio of 2.48 and a beta of 1.18.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts anticipate that APA Co. will post 4.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Susquehanna dropped their price target on shares of APA from $31.00 to $30.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Raymond James cut shares of APA from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Scotiabank dropped their price target on shares of APA from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada decreased their price objective on APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.37.

APA Profile

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.