Bank of New York Mellon Corp bought a new stake in APA Corporation (NASDAQ:APA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,131,348 shares of the company's stock, valued at approximately $134,558,000. Bank of New York Mellon Corp owned approximately 1.17% of APA as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in APA by 85.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company's stock valued at $1,976,000 after buying an additional 37,180 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in APA by 59.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,895 shares of the company's stock valued at $2,761,000 after acquiring an additional 42,068 shares in the last quarter. PNC Financial Services Group Inc. increased its position in APA by 20.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company's stock valued at $4,723,000 after buying an additional 32,357 shares in the last quarter. Prudential PLC boosted its stake in APA by 753.2% in the 4th quarter. Prudential PLC now owns 136,744 shares of the company's stock worth $3,345,000 after purchasing an additional 120,717 shares in the last quarter. Finally, Hoertkorn Richard Charles purchased a new stake in shares of APA during the first quarter valued at $2,429,000. Institutional investors own 83.01% of the company's stock.
APA Price Performance
NASDAQ APA opened at $43.39 on Monday. The company has a market cap of $15.20 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.78 and a beta of 0.35. APA Corporation has a one year low of $20.71 and a one year high of $45.66. The business has a fifty day moving average price of $35.97 and a 200 day moving average price of $35.86. 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 (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates 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 EPS. Research analysts anticipate that APA Corporation will post 5.54 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on APA. JPMorgan Chase & Co. raised their price objective on APA from $38.00 to $41.00 in a research note on Friday, May 8th. Mizuho raised shares of APA to a "strong sell" rating in a report on Friday, July 31st. Stephens boosted their target price on shares of APA from $43.00 to $47.00 in a research report on Wednesday, June 10th. Wells Fargo & Company lifted their target price on shares of APA from $39.00 to $49.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. Finally, Citigroup increased their target price on shares of APA from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.50.
Get Our Latest Stock Analysis on APA
Key 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.
About APA
(
Free Report)
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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