First National Bank of Omaha Takes Position in APA Corporation $APA

First National Bank of Omaha purchased a new position in shares of APA Corporation (NASDAQ:APA) during the second quarter, Holdings Channel.com reports. The fund purchased 92,021 shares of the company’s stock, valued at approximately $3,033,000.

Other hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd boosted its position in APA by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company’s stock valued at $52,000 after purchasing an additional 330 shares during the period. Rockefeller Capital Management L.P. increased its position in APA by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock worth $2,609,000 after buying an additional 375 shares during the period. Coldstream Capital Management Inc. lifted its stake in APA by 1.4% in the fourth 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 during the last quarter. Fortitude Family Office LLC lifted its stake in APA by 37.9% in the second 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 during the last quarter. Finally, IRON Financial LLC boosted its holdings in shares of APA by 7.2% during the second quarter. IRON Financial LLC now owns 7,279 shares of the company’s stock valued at $237,000 after acquiring an additional 490 shares during the period. Institutional investors own 83.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of APA from $38.00 to $41.00 in a research report on Friday, May 8th. Sanford C. Bernstein lifted their price objective on shares of APA from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, May 20th. Citigroup reissued a “neutral” rating on shares of APA in a research note on Tuesday, July 21st. Scotiabank boosted their target price on shares of APA from $26.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of APA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Nine 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.26.

APA Trading Up 1.9%

Shares of APA stock opened at $42.37 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. APA Corporation has a 1 year low of $19.96 and a 1 year high of $45.66. The stock has a fifty day moving average of $35.58 and a two-hundred day moving average of $35.49. The firm has a market capitalization of $14.84 billion, a PE ratio of 8.96 and a beta of 0.35.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the company posted $0.87 EPS. As a group, research analysts expect that APA Corporation will post 5.25 EPS 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.