APA Corporation (NASDAQ:APA) Position Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of APA Corporation (NASDAQ:APA - Free Report) by 12.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,686 shares of the company's stock after buying an additional 39,574 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of APA worth $7,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. raised its position in shares of APA by 6.9% during the 4th quarter. Invesco Ltd. now owns 13,230,751 shares of the company's stock valued at $305,498,000 after acquiring an additional 850,052 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in APA by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after purchasing an additional 894,574 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after purchasing an additional 200,770 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of APA by 33.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after buying an additional 1,540,055 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of APA by 29.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock valued at $122,328,000 after buying an additional 1,195,212 shares during the period. Institutional investors own 83.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APA. Royal Bank Of Canada cut their target price on shares of APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Barclays lowered their price objective on APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Argus raised shares of APA to a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lowered their price target 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. Finally, Morgan Stanley lifted their price objective on shares of APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, May 23rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, APA presently has an average rating of "Hold" and an average price target of $24.72.

APA Price Performance

NASDAQ APA traded down $0.01 on Thursday, reaching $19.49. The company's stock had a trading volume of 3,500,837 shares, compared to its average volume of 7,183,752. APA Corporation has a twelve month low of $13.58 and a twelve month high of $33.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. The firm's 50 day moving average is $17.84 and its two-hundred day moving average is $19.80. The stock has a market cap of $7.05 billion, a PE ratio of 6.99, a PEG ratio of 5.99 and a beta of 1.25.

APA (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.83 by $0.23. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The business's quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 earnings per share. As a group, sell-side analysts predict that APA Corporation will post 4.03 EPS for the current year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Tuesday, July 22nd. APA's dividend payout ratio is presently 35.97%.

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.