Contravisory Investment Management Inc. Buys 39,263 Shares of APA Corporation $APA

Contravisory Investment Management Inc. raised its holdings in shares of APA Corporation (NASDAQ:APA) by 1,054.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,985 shares of the company’s stock after purchasing an additional 39,263 shares during the period. Contravisory Investment Management Inc.’s holdings in APA were worth $1,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deseret Mutual Benefit Administrators grew its position in APA by 276.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock valued at $29,000 after buying an additional 891 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of APA in the 3rd quarter worth $34,000. Spire Wealth Management lifted its holdings in APA by 179.6% in the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after acquiring an additional 977 shares during the last quarter. MAI Capital Management lifted its stake in APA by 76.5% during the 2nd quarter. MAI Capital Management now owns 2,134 shares of the company’s stock worth $39,000 after acquiring an additional 925 shares in the last quarter. Finally, Community Bank N.A. acquired a new stake in shares of APA during the third quarter worth about $43,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at APA

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the transaction, the director directly owned 6,634 shares of the company’s stock, valued at approximately $240,349.82. This trade represents a 77.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen upgraded APA to a “hold” rating in a report on Monday, February 9th. Raymond James Financial reiterated an “outperform” rating and issued a $31.00 price objective on shares of APA in a research note on Monday, November 24th. Mizuho boosted their price objective on APA from $24.00 to $29.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 17th. Sanford C. Bernstein cut their target price on shares of APA from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Monday, January 5th. Finally, BMO Capital Markets lifted their price target on shares of APA from $30.00 to $35.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 3rd. Seven analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, APA currently has a consensus rating of “Hold” and a consensus target price of $30.84.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Barclays upgraded APA from “underweight” to “equal weight,” citing benefits from LNG-linked price contracts and improved gas-marketing outlooks — a catalyst that supports APA’s commodity-price exposure and marketing earnings. APA upgraded at Barclays on benefit from LNG-linked price contracts Barclays upgrades APA stock rating on gas marketing outlook
• Positive Sentiment: Some analysts lifted price targets — a recent note raised APA’s target to $38, signaling upside from certain providers and reflecting continued analyst interest in the name. APA (NASDAQ:APA) Price Target Raised to $38.00
• Neutral Sentiment: Market commentary highlights APA’s strong uptrend and outperformance versus the S&P 500, which can attract momentum and technical traders but also invite profit-taking. Is APA Stock Outperforming the S&P 500? Stock Of The Day: When Will APA Corp Reverse?
• Neutral Sentiment: Short-interest data published for March appears to be reporting zero shares (likely a data anomaly), so it provides no actionable short pressure signal today. (Note: average daily volume remains high.)
• Negative Sentiment: Goldman Sachs nudged its price target to $30 but kept a “sell” rating — a mixed-to-negative stance that implies downside and may cap momentum among institutional investors. Goldman Sachs adjusts APA’s price target to $30 from $29, keeps sell rating
• Negative Sentiment: An APA director disclosed an insider sale of roughly $833k — a short-term negative signal that can increase selling pressure or investor caution. Insider Selling: APA Director Sells $833,290.00 in Stock

APA Price Performance

Shares of NASDAQ:APA opened at $39.03 on Tuesday. APA Corporation has a 12 month low of $13.58 and a 12 month high of $39.51. The firm has a market capitalization of $13.79 billion, a P/E ratio of 9.78 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $29.40 and its 200 day moving average price is $25.98.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.29. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 19.89%. APA’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, sell-side analysts predict that APA Corporation will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. APA’s dividend payout ratio is currently 25.06%.

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.