APA Corporation $APA Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in APA Corporation (NASDAQ:APA) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,661,518 shares of the company’s stock after selling 724,934 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.47% of APA worth $54,116,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in APA by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock valued at $700,000 after purchasing an additional 2,070 shares in the last quarter. NewEdge Advisors LLC raised its stake in APA by 49.6% in the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock valued at $227,000 after purchasing an additional 3,578 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of APA by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after buying an additional 806,252 shares during the last quarter. Focus Partners Wealth raised its holdings in APA by 10.6% in the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock valued at $942,000 after acquiring an additional 4,297 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in APA in the second quarter valued at $5,199,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APA has been the subject of several research analyst reports. Mizuho raised shares of APA to a “strong sell” rating in a research report on Friday, July 31st. Citigroup raised their target price on APA from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. Raymond James Financial boosted their price objective on shares of APA from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group cut their target price on APA from $45.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Finally, Weiss Ratings cut shares of APA from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and a consensus price target of $41.68.

APA Trading Up 0.9%

Shares of NASDAQ:APA opened at $44.69 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $37.41 and its 200 day moving average price is $36.74. The company has a market cap of $15.66 billion, a PE ratio of 9.45, a P/E/G ratio of 0.80 and a beta of 0.37. APA Corporation has a fifty-two week low of $21.57 and a fifty-two week high of $45.66.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the company earned $0.87 earnings per share. Sell-side analysts anticipate that APA Corporation will post 5.54 earnings per share for the current year.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.