one8zero8 LLC Acquires Shares of 11,928 APA Corporation $APA

one8zero8 LLC acquired a new stake in APA Corporation (NASDAQ:APA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,928 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds have also modified their holdings of the business. Altshuler Shaham Ltd increased its holdings in shares of APA by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company’s stock valued at $52,000 after acquiring an additional 330 shares during the period. Rockefeller Capital Management L.P. boosted its stake in APA by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock worth $2,609,000 after purchasing an additional 375 shares during the period. Coldstream Capital Management Inc. grew its position in APA by 1.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock worth $689,000 after purchasing an additional 396 shares during the last quarter. Fortitude Family Office LLC grew its position in APA by 37.9% during the 2nd quarter. Fortitude Family Office LLC now owns 1,489 shares of the company’s stock worth $48,000 after purchasing an additional 409 shares during the last quarter. Finally, IRON Financial LLC increased its stake in APA by 7.2% in the second quarter. IRON Financial LLC now owns 7,279 shares of the company’s stock valued at $237,000 after purchasing an additional 490 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APA has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of APA from $38.00 to $41.00 in a report on Friday, May 8th. Scotiabank raised their price target on APA from $26.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Argus upgraded APA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Wednesday. Mizuho raised APA to a “strong sell” rating in a research note on Friday, July 31st. Finally, Stephens upped their price objective on APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.50.

APA Stock Performance

Shares of APA opened at $43.45 on Thursday. The stock has a market capitalization of $15.22 billion, a P/E ratio of 9.19 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 $19.96 and a 1 year high of $45.66. The company’s fifty day moving average is $35.69 and its two-hundred day moving average is $35.61.

APA (NASDAQ:APA) last released its 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 firm had revenue of $2.37 billion during 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 quarter last year, the business posted $0.87 EPS. On average, sell-side analysts predict that APA Corporation will post 5.25 earnings per share 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.