MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Holdings in APA Co. (NASDAQ:APA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of APA Co. (NASDAQ:APA - Free Report) by 36.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,230 shares of the company's stock after selling 17,857 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in APA were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its stake in APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 1,077 shares during the last quarter. Riverview Trust Co raised its holdings in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of APA during the fourth quarter worth $35,000. Finally, LRI Investments LLC bought a new position in APA in the fourth quarter valued at $44,000. 83.01% of the stock is owned by institutional investors.

APA Trading Down 1.1%

Shares of NASDAQ:APA traded down $0.19 during trading on Friday, reaching $17.15. The stock had a trading volume of 7,729,569 shares, compared to its average volume of 6,975,980. The firm's fifty day moving average is $16.88 and its 200 day moving average is $20.30. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA Co. has a 52 week low of $13.58 and a 52 week high of $33.41. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 2.42 and a beta of 1.18.

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

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 5.83%. APA's payout ratio is 35.97%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of APA from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Argus upgraded shares of APA to a "hold" rating in a research note on Friday, May 16th. Susquehanna dropped their price objective on shares of APA from $31.00 to $30.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their target price on shares of APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, APA has a consensus rating of "Hold" and a consensus price target of $25.21.

APA Company 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.