Sumitomo Mitsui Trust Holdings Inc. Has $26.49 Million Position in APA Co. (NASDAQ:APA)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in APA Co. (NASDAQ:APA) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 738,261 shares of the company’s stock after selling 8,077 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in APA were worth $26,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APA. Covestor Ltd increased its holdings in APA by 117.8% in the 1st quarter. Covestor Ltd now owns 808 shares of the company’s stock worth $33,000 after purchasing an additional 437 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of APA in the 3rd quarter valued at about $34,000. Quent Capital LLC grew its position in shares of APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after buying an additional 375 shares during the last quarter. Money Concepts Capital Corp grew its position in shares of APA by 228.6% in the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock valued at $34,000 after buying an additional 503 shares during the last quarter. Finally, Quarry LP grew its position in shares of APA by 2,535.1% in the 1st quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after buying an additional 938 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Analysts Set New Price Targets

APA has been the topic of a number of analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $37.00 price target (down previously from $43.00) on shares of APA in a research report on Tuesday, January 16th. Raymond James reduced their price target on APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. StockNews.com upgraded APA from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Roth Mkm upped their target price on APA from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Johnson Rice lowered APA from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, APA has a consensus rating of “Hold” and an average price target of $41.90.

APA Stock Down 0.2 %

Shares of NASDAQ:APA opened at $32.36 on Monday. The business’s 50 day simple moving average is $32.37 and its two-hundred day simple moving average is $34.61. The firm has a market cap of $9.74 billion, a P/E ratio of 3.49 and a beta of 3.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. APA Co. has a 52-week low of $29.47 and a 52-week high of $46.15.

APA (NASDAQ:APA) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.18). The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. The firm’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, research analysts forecast that APA Co. will post 4.85 EPS for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio (DPR) is presently 10.78%.

About APA

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.