APA Corporation

NASDAQ Global Select
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Somewhat Bullish +45

Baer Investment Advisory LLC Buys Shares of 20,403 APA Corporation $APA

AI-generated analysis

📈 Baer Investment Advisory LLC purchased 20,403 shares of APA Corporation valued at approximately $866,000 in the first quarter.

🏦 Goldman Sachs increased its stake by 76.9% to own over 7.1 million shares worth roughly $175 million.

📊 AQR Capital Management lifted its position by 157.1%, now holding 3.06 million shares valued at $55.97 million.

📉 Zacks Research downgraded APA from a 'strong-buy' to a 'hold' rating in late May.

🎯 Susquehanna Financial Group raised its price target to $47.00 and issued a positive rating on April 21st.

💰 APA reported quarterly earnings of $1.38 per share, beating the consensus estimate of $1.11.

📉 Revenue for the quarter was $2.33 billion, exceeding analyst expectations of $2.13 billion despite an 11.7% year-over-year decline.

💵 The company declared a quarterly dividend of $0.25 per share with a total annualized yield of 3.1%.

📉 VP Mark D. Maddox sold 9,800 shares in May, reducing his personal ownership by 12.79%.

🏢 Institutional investors and hedge funds collectively own 83.01% of APA Corporation's outstanding stock.

Bullish Signals
  • Baer Investment Advisory LLC initiated a new position by buying 20,403 shares valued at $866,000 in the first quarter.
  • Goldman Sachs significantly increased its holdings by 76.9%, adding over 3.1 million shares to its portfolio.
  • AQR Capital Management boosted its stake by 157.1% during the second quarter, acquiring nearly 1.87 million additional shares.
  • Morgan Stanley raised its position by 21.8% in the fourth quarter, increasing ownership to over 10.4 million shares.
  • Dimensional Fund Advisors LP increased its holdings by 9.2%, adding 1.29 million shares to its existing stake.
  • Northern Trust Corp boosted its position by 29.6% in the third quarter, acquiring an additional 1.02 million shares.
  • Susquehanna Financial Group raised its price target from $37.00 to $47.00 and upgraded the rating to 'positive'.
  • Stephens increased its price target from $43.00 to $47.00 in a June research report.
  • Capital One Financial raised its price target to $51.00 and maintained an 'overweight' rating.
  • APA reported quarterly earnings of $1.38 per share, which beat analyst consensus estimates by $0.27.
Risk Factors
  • Zacks Research downgraded APA from a 'strong-buy' rating to a 'hold' rating in late May.
  • Citigroup lifted its price target but maintained a 'neutral' rating on the stock.
  • Revenue declined by 11.7% compared to the same quarter in the prior year.
  • VP Mark D. Maddox sold 9,800 shares of company stock, representing a 12.79% decrease in his personal ownership.
Full Analysis
Baer Investment Advisory LLC increased its stake in APA Corporation by purchasing 20,403 shares valued at approximately $866,000 during the first quarter. This move joins a broader trend of institutional accumulation, with major firms like Goldman Sachs boosting their positions by 76.9% and AQR Capital Management lifting stakes by 157.1%. Collectively, institutional investors and hedge funds now control 83.01% of APA's outstanding stock. Analyst sentiment remains mixed but generally cautious regarding the stock price. Susquehanna Financial Group raised its price target to $47.00 with a positive rating, while Zacks Research downgraded the stock from a strong-buy to a hold. The consensus average rating is currently a 'Hold' with a target price of $40.88, though individual targets vary significantly among major banks like Morgan Stanley and Citigroup. Financially, APA reported earnings per share of $1.38 in the most recent quarter, beating analyst estimates of $1.11. Revenue reached $2.33 billion, surpassing expectations of $2.13 billion, though it declined 11.7% year-over-year. The company maintains a net margin of 17.38% and a return on equity of 20.70%, with analysts projecting an annual EPS of 5.35 for the current year. The company declared a quarterly dividend of $0.25 per share, payable on August 21st to shareholders of record as of July 22nd, resulting in a 3.1% dividend yield. While VP Mark D. Maddox sold nearly 10,000 shares representing a 12.79% reduction in his personal holdings, insider ownership remains at 0.73%. APA operates primarily in the Permian Basin with significant assets in Egypt and the North Sea.