Heron Bay Capital Management Invests $515,000 in APA Corporation $APA

Heron Bay Capital Management acquired a new stake in APA Corporation (NASDAQ:APA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,809 shares of the company’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in APA. BlackRock Inc. bought a new stake in APA during the second quarter worth approximately $1,173,231,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of APA by 1,726.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock valued at $205,176,000 after buying an additional 4,569,779 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of APA in the second quarter valued at $134,558,000. Goldman Sachs Group Inc. increased its holdings in shares of APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after buying an additional 3,117,032 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of APA by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after acquiring an additional 1,869,891 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting 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

APA has been the subject of several research reports. Truist Financial raised their price objective on APA from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Capital One Financial boosted their target price on APA from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Barclays reduced their target price on APA from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. KeyCorp set a $46.00 price target on APA in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group dropped their price target on APA from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Tuesday, June 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.50.

APA Trading Down 2.3%

NASDAQ APA opened at $43.39 on Friday. The firm’s 50 day moving average price is $35.97 and its two-hundred day moving average price is $35.79. 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 twelve month low of $20.71 and a twelve month high of $45.66. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.80 and a beta of 0.35.

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