Patient Capital Management LLC Acquires Shares of 50,000 APA Corporation $APA

Patient Capital Management LLC bought a new position in shares of APA Corporation (NASDAQ:APA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,628,000.

Several other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in shares of APA by 85.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company’s stock valued at $1,976,000 after purchasing an additional 37,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of APA by 59.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,895 shares of the company’s stock worth $2,761,000 after buying an additional 42,068 shares during the last quarter. PNC Financial Services Group Inc. grew its position in APA by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company’s stock valued at $4,723,000 after buying an additional 32,357 shares during the period. Prudential PLC grew its position in APA by 753.2% during the fourth quarter. Prudential PLC now owns 136,744 shares of the company’s stock valued at $3,345,000 after buying an additional 120,717 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in APA during the fourth quarter valued at about $19,968,000. 83.01% of the stock is owned by institutional investors.

Trending Headlines about APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
• Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
• Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
• Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James Financial lowered their price objective on shares of APA from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Capital One Financial increased their target price on shares of APA from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Mizuho upgraded shares of APA to a “strong sell” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on APA from $38.00 to $41.00 in a research note on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, APA has a consensus rating of “Hold” and an average price target of $41.50.

APA Price Performance

NASDAQ APA opened at $43.39 on Monday. The company has a market cap of $15.20 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.78 and a beta of 0.35. APA Corporation has a 52 week low of $20.71 and a 52 week high of $45.66. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $35.97 and its two-hundred day simple moving average is $35.86.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same quarter in the prior year, the business earned $0.87 EPS. Research analysts predict that APA Corporation will post 5.54 earnings per share for the current year.

APA Company 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.