114,905 Shares in APA Corporation $APA Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of APA Corporation (NASDAQ:APA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 114,905 shares of the company’s stock, valued at approximately $3,742,000.

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

Analyst Ratings Changes

Several brokerages recently weighed in on APA. Citigroup raised their price objective on shares of APA from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday. Mizuho raised shares of APA to a “strong sell” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of APA from $38.00 to $41.00 in a research note on Friday, May 8th. Wall Street Zen upgraded shares of APA from a “hold” rating to a “buy” rating in a report on Saturday. Finally, BMO Capital Markets reduced their price objective on shares of APA from $47.00 to $45.00 and set a “market perform” rating for the company in a research note on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.50.

APA Trading Down 1.0%

Shares of NASDAQ:APA opened at $42.96 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day moving average is $36.14 and its 200-day moving average is $35.98. The company has a market cap of $15.05 billion, a P/E ratio of 9.08, a P/E/G ratio of 0.78 and a beta of 0.35. APA Corporation has a 52-week low of $21.47 and a 52-week high of $45.66.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $2.37 billion for 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 period in the prior year, the firm posted $0.87 EPS. Equities research analysts predict that APA Corporation will post 5.54 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.