swisspartners Advisors Ltd Has $11.92 Million Stake in APA Corporation $APA

swisspartners Advisors Ltd raised its stake in shares of APA Corporation (NASDAQ:APA) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 487,780 shares of the company’s stock after buying an additional 39,320 shares during the quarter. APA comprises about 8.7% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 4th biggest holding. swisspartners Advisors Ltd’s holdings in APA were worth $11,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Blackhawk Capital Partners LLC bought a new position in APA in the 4th quarter worth about $312,000. Valeo Financial Advisors LLC increased its stake in APA by 18.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,813 shares of the company’s stock valued at $240,000 after purchasing an additional 1,527 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in APA by 65.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 26,784 shares of the company’s stock worth $655,000 after buying an additional 10,603 shares during the last quarter. Oxbow Advisors LLC raised its holdings in APA by 6.3% in the fourth quarter. Oxbow Advisors LLC now owns 455,752 shares of the company’s stock worth $11,148,000 after buying an additional 26,896 shares during the last quarter. Finally, NewEdge Wealth LLC lifted its stake in shares of APA by 135.4% in the fourth quarter. NewEdge Wealth LLC now owns 61,939 shares of the company’s stock worth $1,515,000 after buying an additional 35,624 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APA has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of APA from $21.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Zacks Research upgraded APA from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Royal Bank Of Canada lifted their target price on APA from $29.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Bank of America boosted their price target on APA from $23.00 to $27.00 and gave the stock an “underperform” rating in a research note on Monday, March 16th. Finally, Roth Mkm upped their price target on APA from $27.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.85.

Insider Activity at APA

In related news, Director Matthew Regis Bob sold 23,000 shares of APA stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the sale, the director owned 6,634 shares of the company’s stock, valued at $240,349.82. The trade was a 77.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

APA Stock Up 3.2%

Shares of APA stock opened at $36.70 on Tuesday. APA Corporation has a twelve month low of $16.15 and a twelve month high of $45.66. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $37.66 and its 200 day moving average is $29.69. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 8.55 and a beta of 0.38.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.13 billion. APA had a net margin of 17.38% and a return on equity of 20.70%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. Research analysts anticipate that APA Corporation will post 5.35 EPS for the current year.

APA Profile

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.