BI Asset Management Fondsmaeglerselskab A S Sells 266,856 Shares of APA Corporation $APA

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in APA Corporation (NASDAQ:APA) by 40.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 396,223 shares of the company’s stock after selling 266,856 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in APA were worth $16,816,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APA. Diversified Trust Co bought a new position in APA in the 1st quarter worth about $250,000. Baron Wealth Management LLC purchased a new position in shares of APA during the first quarter worth approximately $222,000. Rockefeller Capital Management L.P. raised its stake in shares of APA by 0.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock valued at $2,609,000 after acquiring an additional 375 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of APA by 39.2% during the fourth quarter. Corient Private Wealth LLC now owns 185,873 shares of the company’s stock valued at $4,547,000 after acquiring an additional 52,376 shares in the last quarter. Finally, DGS Capital Management LLC purchased a new stake in shares of APA in the fourth quarter valued at approximately $244,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Price Performance

Shares of APA opened at $33.02 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $37.52 and a 200-day moving average price of $32.36. APA Corporation has a fifty-two week low of $17.74 and a fifty-two week high of $45.66. The stock has a market capitalization of $11.67 billion, a PE ratio of 7.70 and a beta of 0.33.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.27. The company had revenue of $2.33 billion for 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%. APA’s revenue was down 11.7% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. Equities analysts predict that APA Corporation will post 5.6 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. APA’s dividend payout ratio is currently 23.31%.

Wall Street Analysts Forecast Growth

APA has been the topic of several research analyst reports. Scotiabank increased their price objective on APA from $26.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Wolfe Research lifted their target price on APA from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Barclays upped their target price on APA from $35.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Capital One Financial increased their price target on APA from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets cut their price target on APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 13th. Eight equities research 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.com, APA has a consensus rating of “Hold” and a consensus target price of $41.04.

Insider Transactions at APA

In other APA news, VP Mark D. Maddox sold 9,800 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total transaction of $392,392.00. Following the sale, the vice president owned 66,810 shares of the company’s stock, valued at approximately $2,675,072.40. This trade represents a 12.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Trending Headlines about APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks Research lifted earnings estimates across multiple periods for APA, including FY2026, FY2027 and several quarterly forecasts, signaling improved expectations for the company’s profitability. APA analyst estimate updates
• Positive Sentiment: A Zacks feature highlighted that APA has gained 63% over the past year, citing stronger execution, Permian strength and potential upside from Suriname as reasons the market may be catching on. APA gains 63% in a year article
• Neutral Sentiment: Despite the stronger outlook, Zacks kept a Hold rating, suggesting analysts see some upside but not enough to turn fully constructive yet. Zacks Hold rating article
• Neutral Sentiment: The same commentary noted offsetting risks, including debt, exposure to Egypt and commodity-price volatility, which may be limiting enthusiasm and helping explain why the shares have been choppy. Risks commentary article

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.