25,849 Shares in APA Corporation $APA Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new position in APA Corporation (NASDAQ:APA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,849 shares of the company’s stock, valued at approximately $842,000.

Other institutional investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd raised its holdings in shares of APA by 36.7% in 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 in the last quarter. Rockefeller Capital Management L.P. raised its stake 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 in the last quarter. Coldstream Capital Management Inc. lifted its holdings in APA by 1.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock worth $689,000 after buying an additional 396 shares during the period. Fortitude Family Office LLC lifted its holdings in APA by 37.9% during the second quarter. Fortitude Family Office LLC now owns 1,489 shares of the company’s stock worth $48,000 after buying an additional 409 shares during the period. Finally, IRON Financial LLC boosted its position in APA by 7.2% during the 2nd quarter. IRON Financial LLC now owns 7,279 shares of the company’s stock valued at $237,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James Financial reduced their price target on APA from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. UBS Group dropped their price objective on APA from $45.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Roth Capital set a $39.00 target price on shares of APA in a report on Thursday, August 6th. Benchmark increased their price target on shares of APA from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Finally, KeyCorp set a $46.00 price target on shares of APA in a report on Wednesday, August 12th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.26.

APA Trading Up 1.9%

Shares of NASDAQ:APA opened at $42.37 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. APA Corporation has a 52-week low of $19.96 and a 52-week high of $45.66. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 8.96 and a beta of 0.35. The business has a 50-day moving average price of $35.58 and a 200-day moving average price of $35.49.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company earned $0.87 EPS. Equities analysts predict that APA Corporation will post 5.25 EPS 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.