Gotham Asset Management Adds $1M in APA Corporation ($APA)
Gotham Asset Management lifted its stake in APA Corporation by 29,523 shares, reaching 2.32 million shares.
Key Points
- Gotham Asset Management added 29,523 shares of APA Corporation, boosting its position by about 1.29% to 2,319,509 shares, worth $84.7 million.
- Shares of APA traded near $36.53, with a market cap of approximately $13.1 billion and a P/E ratio of 8.63.
- Analysts have mixed ratings on APA, with recent targets ranging from $32 to $57, and the stock has a 'hold' consensus.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Gotham Asset Management has increased its stake in APA Corporation (NasdaqGS: APA) by 29,523 shares. This brings its total holdings to 2,319,509 shares valued at about $84.7 million, according to the latest Form 13F filing with the SEC. The filing reflects holdings as of the end of the first quarter of 2026.
What Changed in Gotham Asset Management's APA Position
Gotham Asset Management boosted its position in APA Corporation by 29,523 shares, raising its total to 2,319,509 shares. This represents a 1.29% increase from its previous holding of 2,289,986 shares, indicating a continued interest in the energy company.
Other Institutional Activity in APA Corporation
BlackRock, Inc. grew its holdings in APA by 9,338,315 shares, ending with 33,780,445 shares worth about $1.43 billion. Meanwhile, Hotchkis & Wiley Capital Management LLC reduced its position by 3,431,530 shares, bringing its total to 32,015,114 shares valued at $1.36 billion. State Street Corp added 561,393 shares, reaching 24,803,994 shares valued at approximately $1.05 billion. Dimensional Fund Advisors LP also increased its holdings by 1,055,016 shares, totaling 16,376,952 shares worth about $695.1 million.
APA Corporation Stock Down 14.1%
Shares of APA Corporation traded near $36.53. The company has a market capitalization of approximately $13.1 billion and a P/E ratio of 8.63. Its forward P/E stands at 8.55. The stock has a 52-week range between $17.74 and $45.66, with a 50-day moving average of $38.43 and a 200-day moving average of $29.50. APA's beta is 0.327, suggesting lower volatility compared to the market. The company has a current ratio of 0.919 and a quick ratio of 0.702, with a debt-to-equity ratio of 61.314.
$APA stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its latest earnings report, APA Corporation posted revenues of $8.37 billion, although this marked a revenue decline of 11.9% year-over-year. The company reported earnings per share (EPS) of $4.29. APA's net margin was 18.31%, and its return on equity was 26.22%. The next earnings report is scheduled for May 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
5 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 21.9%. Revenue beat estimates by 8.0%.
-
Profit surprise
EBITDA beat by 18 percent. Operating income beat by 37 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
5 target raises, 1 target cut.
-
Earnings quality
Gross margin up 58.5 points. Operating margin up 13.6 points. Positive free cash flow.
Earnings Call Summary
APA delivered a strong first quarter with $2.3 billion in revenue and $1.38 in earnings per share, beating consensus expectations. The Permian is running more efficiently with fewer rigs and lower costs while still producing more oil. Egypt benefited from gas development and improved operations, generating nearly $500 million in free cash flow. The company is focused on paying down debt toward a $3 billion target and returning cash to shareholders while advancing the Suriname project toward first oil in 2028.
Guidance The company expects about $2.2 billion in free cash flow for the full year and plans to keep capital spending at $2.1 billion. They raised their U.S. oil production goal to 122,000 barrels per day but lowered Egypt adjusted volumes because higher oil prices reduce the volumes they can count under their contract terms. They still expect about $1.1 billion from their gas trading business.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
APA Corporation pays an annual dividend of $1.00 per share, yielding 2.72%. The dividend payout ratio is 23.31%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at APA Corporation
On May 26, 2026, Tracey Henderson, Executive VP Exploration, bought 5,000 shares and sold 1,968 shares at an average price of $37.50. Another transaction on the same day involved selling 5,000 shares. Mark Maddox, Executive VP - Administration, bought 15,500 shares at $39.32 and sold 9,800 shares at $40.04 on May 20, 2026. Additionally, Annell Bay purchased 1,178 shares on March 31, 2026.
Analysts Set New Price Targets
On May 27, 2026, Mizuho maintained a 'sell' rating on APA with a $36 price target. Barclays reiterated a 'hold' rating with a $41 target on May 26, while Raymond James maintained a 'buy' rating with a $57 target. The consensus among 25 analysts is a 'hold' rating, with an average price target of $43.24.
About APA Corporation
APA Corporation is an independent energy company involved in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. Based in Houston, Texas, the company operates in the United States, Egypt, the North Sea, and has exploration activities in Suriname, Uruguay, and other international locations. APA was founded in 1954 and currently employs about 1,791 people. The company is led by CEO John J. Christmann IV.
Bottom Line
Gotham Asset Management's increased stake in APA Corporation reflects its interest in the energy sector. Investors often track such filings to gauge institutional confidence, though it's important to remember these filings are backward-looking. APA's stock dynamics, alongside analyst opinions, provide a mixed outlook for potential investors.
Get APA Corporation alerts
New 13F filings, insider trades, and analyst moves on $APA, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.