36,021,838 Shares in APA Corporation $APA Bought by BlackRock Inc.

BlackRock Inc. acquired a new position in shares of APA Corporation (NASDAQ:APA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 36,021,838 shares of the company's stock, valued at approximately $1,173,231,000. BlackRock Inc. owned about 10.19% of APA as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its holdings in shares of APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company's stock valued at $25,000 after buying an additional 500 shares during the period. Cedar Mountain Advisors LLC acquired a new position in APA during the first quarter worth $28,000. Summit Securities Group LLC raised its position in APA by 115.1% in the fourth quarter. Summit Securities Group LLC now owns 1,327 shares of the company's stock worth $32,000 after acquiring an additional 710 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in APA in the fourth quarter valued at $37,000. Finally, Global Assets Advisory LLC acquired a new stake in APA in the first quarter valued at $44,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APA. Mizuho raised shares of APA to a "strong sell" rating in a research note on Friday, July 31st. Morgan Stanley lowered their target price on shares of APA from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Friday, June 26th. Zacks Research cut shares of APA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. BMO Capital Markets reduced their price target on shares of APA from $47.00 to $45.00 and set a "market perform" rating for the company in a research report on Wednesday, May 13th. Finally, Barclays dropped their price objective on APA from $41.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, APA has a consensus rating of "Hold" and an average target price of $41.50.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
• Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
• Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
• Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.

APA Price Performance

APA stock opened at $43.39 on Friday. The firm has a market cap of $15.20 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.80 and a beta of 0.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. APA Corporation has a 1 year low of $20.71 and a 1 year high of $45.66. The stock has a 50-day simple moving average of $35.97 and a 200-day simple moving average of $35.79.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same period last year, the firm posted $0.87 earnings per share. On average, equities analysts predict that APA Corporation will post 5.54 earnings per share for the current fiscal 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.

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