Gotham Asset Management 13F: Adds $1.1M to APA Stake

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 18.6%

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.

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.

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.