Elevatus Welath Management Invests $1.06 Million in APA Corporation $APA

Elevatus Welath Management bought a new position in APA Corporation (NASDAQ:APA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,352 shares of the company’s stock, valued at approximately $1,060,000.

Other hedge funds also recently bought and sold shares of the company. Howard Capital Management Inc. lifted its holdings in APA by 0.5% in the 3rd quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock worth $2,303,000 after buying an additional 485 shares during the period. one8zero8 LLC increased its stake in shares of APA by 1.2% during the third quarter. one8zero8 LLC now owns 42,254 shares of the company’s stock valued at $1,026,000 after buying an additional 488 shares during the period. Arizona State Retirement System increased its stake in shares of APA by 0.5% during the third quarter. Arizona State Retirement System now owns 106,734 shares of the company’s stock valued at $2,592,000 after buying an additional 517 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of APA by 19.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,349 shares of the company’s stock valued at $61,000 after acquiring an additional 550 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. raised its holdings in shares of APA by 1.9% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 30,093 shares of the company’s stock valued at $736,000 after acquiring an additional 555 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Capital One raised its price target on APA to $51 and kept an overweight rating, implying meaningful upside vs. recent levels; this analyst upgrade helped lift investor sentiment. Capital One adjusts price target on APA to $51
• Positive Sentiment: Raymond James published a forecast calling for strong price appreciation in APA, adding institutional bullishness that can attract momentum buyers. Raymond James Forecasts Strong Price Appreciation for APA
• Positive Sentiment: APA reported a new gas discovery in Egypt, which could accelerate production, lower unit costs and strengthen the company’s natural‑gas exposure—key fundamentals for energy-sector upside. APA’s New Gas Discovery Strengthens Egypt’s Energy Outlook
• Positive Sentiment: Unusual options activity: investors bought ~17,525 call contracts (about 55% above typical call volume), signaling short‑term bullish positioning that can amplify upside intraday.
• Positive Sentiment: Ariel Investments’ Charles Bobrinskoy (vice chairman) publicly noted APA is well positioned for rising natural‑gas demand, reinforcing investor narratives around long‑term commodity tailwinds. Ariel’s Charles Bobrinskoy: APA is very well positioned for increased demand in natural gas
• Neutral Sentiment: Truist initiated coverage of APA (coverage initiation often increases visibility and volume; impact depends on the assigned rating and price target). Truist Financial Initiates Coverage on APA
• Neutral Sentiment: Zacks noted APA is up ~47% since the last earnings report and asks whether that run can continue—this is discussion of momentum rather than new fundamental data. APA Up 47.1% Since Last Earnings Report
• Negative Sentiment: Morgan Stanley raised its price target from $22 to $43 but kept an “underweight” rating — the firm’s cautious stance (despite a higher PT) can cap some upside and introduces a near‑term bearish signal. Morgan Stanley raises PT but keeps underweight
• Positive Sentiment: Coverage and analyst activity have driven APA to a new 52‑week high after upgrades, attracting momentum and technical buyers. APA Sets New 52-Week High After Analyst Upgrade

Insider Buying and Selling

In related news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the sale, the director owned 6,634 shares of the company’s stock, valued at $240,349.82. The trade was a 77.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.69% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APA. Bank of America lifted their price target on shares of APA from $23.00 to $27.00 and gave the company an “underperform” rating in a report on Monday, March 16th. TD Cowen upgraded shares of APA to a “hold” rating in a report on Monday, February 9th. JPMorgan Chase & Co. raised their target price on shares of APA from $29.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, March 20th. Evercore lifted their target price on shares of APA from $25.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Benchmark boosted their price target on shares of APA from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.81.

APA Price Performance

Shares of APA stock opened at $44.39 on Friday. The business’s fifty day moving average is $30.70 and its 200 day moving average is $26.48. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 11.13 and a beta of 0.67. APA Corporation has a twelve month low of $13.58 and a twelve month high of $44.54.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. APA had a return on equity of 19.89% and a net margin of 15.55%.The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was down 26.6% on a year-over-year basis. Research analysts expect that APA Corporation will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is 25.06%.

About APA

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.