Jump Financial LLC Has $11.58 Million Stock Position in APA Corporation $APA

Key Points

• Jump Financial LLC increased its holdings in APA Corporation by 409.4% during the first quarter, now owning approximately 0.15% of the company worth about $11.58 million.
• Several institutional investors have also significantly increased their positions in APA, with holdings growing over 2,700% for some, showing heightened interest in the stock.
• APA Corporation recently reported $0.87 earnings per share, exceeding analyst estimates, but experienced a 14.4% decline in revenue year-over-year.

Jump Financial LLC raised its stake in APA Corporation (NASDAQ:APA - Free Report) by 409.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 550,770 shares of the company's stock after buying an additional 442,640 shares during the period. Jump Financial LLC owned approximately 0.15% of APA worth $11,577,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its position in APA by 2,709.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock worth $30,000 after purchasing an additional 1,382 shares in the last quarter. Rakuten Securities Inc. grew its position in APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock worth $32,000 after purchasing an additional 1,288 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new position in APA during the 4th quarter worth approximately $42,000. LRI Investments LLC purchased a new position in APA during the 4th quarter worth approximately $44,000. Finally, SVB Wealth LLC purchased a new position in shares of APA during the 1st quarter valued at $55,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Stock Up 2.1%

APA traded up $0.47 during trading on Wednesday, hitting $22.59. The company had a trading volume of 5,533,459 shares, compared to its average volume of 7,967,699. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. APA Corporation has a one year low of $13.58 and a one year high of $29.47. The firm's 50-day moving average price is $19.56 and its 200 day moving average price is $18.92. The company has a market capitalization of $8.08 billion, a PE ratio of 7.56, a PEG ratio of 6.58 and a beta of 1.23.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business earned $1.17 EPS. The company's revenue was down 14.4% compared to the same quarter last year. As a group, equities analysts expect that APA Corporation will post 4.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on APA shares. Cowen reiterated a "hold" rating on shares of APA in a report on Thursday, August 7th. Raymond James Financial restated an "outperform" rating and set a $26.00 price target (up from $25.00) on shares of APA in a report on Tuesday, July 22nd. Scotiabank reiterated a "sector perform" rating and issued a $22.00 target price (up previously from $14.00) on shares of APA in a research note on Friday, July 11th. Cfra Research raised shares of APA to a "hold" rating in a research report on Friday, August 8th. Finally, Stephens assumed coverage on shares of APA in a research note on Tuesday, August 5th. They issued an "equal weight" rating and a $24.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.72.

About APA

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.