EP Wealth Advisors LLC Makes New $902,000 Investment in APA Corporation $APA

Key Points

• EP Wealth Advisors acquired 27,702 APA shares worth approximately $902,000 in the second quarter. Institutional investors collectively own 83.01% of APA, with Goldman Sachs and Arrowstreet Capital also increasing or initiating positions.
• Analyst sentiment remains mixed: Argus and Weiss upgraded APA to Buy, while Zacks downgraded it to Hold. The consensus rating is Hold, with a target price of $41.50.
• APA reported quarterly EPS of $1.89, narrowly missing estimates, while revenue of $2.37 billion fell short of expectations. The stock opened at $43.39 and trades near its 52-week high of $45.66.

EP Wealth Advisors LLC acquired a new position in APA Corporation (NASDAQ:APA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 27,702 shares of the company's stock, valued at approximately $902,000.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on APA. Zacks Research lowered APA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded APA from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Benchmark upped their price target on APA from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Roth Capital set a $39.00 price target on APA in a research report on Thursday, August 6th. Finally, Argus upgraded APA from a "hold" rating to a "buy" rating and set a $48.00 price objective on the stock in a research note on Wednesday, August 19th. Ten 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 company. Based on data from MarketBeat, APA presently has a consensus rating of "Hold" and a consensus target price of $41.50.

APA News Summary

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 Monday. APA Corporation has a 52 week low of $20.71 and a 52 week high of $45.66. The company's 50 day moving average price is $35.97 and its two-hundred day moving average price is $35.86. 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 stock 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 (NASDAQ:APA - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same period in the prior year, the company earned $0.87 earnings per share. On average, equities analysts predict 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.

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