APA News and Headlines - APA Corp

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Firm further reduces stake in oil and gas holding company

Investment firm Dodge & Cox disclosed earlier this week it reduced its stake in APA Corp. (APA) by 14.75%.

Founded in 1930, the San Francisco-based investment firm takes a classic long-term value approach, steering clear of popular companies that trade at premium prices. Rather, it prefers to conduct in-depth research into companies trading at low valuations that have promising earnings and cash flow growth prospects.

Having slimmed the stake for the past several quarters, GuruFocus Real-Time Picks, a Premium feature, show the firm sold 7.7 million more shares of the Houston-based energy company on March 31, which had an

181 Views    Sydnee Gatewood    2021-04-13 16:10
New York, NY, based Investment company Centre Asset Management, LLC (Current Portfolio) buys Intel Corp, APA Corp, Weyerhaeuser Co, Micron Technology Inc, Corteva Inc, sells Edison International, APA Corp, Sempra Energy, The Kraft Heinz Co, OGE Energy Corp during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Centre Asset Management, LLC. As of 2021Q1, Centre Asset Management, LLC owns 58 stocks with a total value of $201 million. These are the details of the buys and sells.
0 Views    insider    2021-04-08 20:38
Little Rock, AR, based Investment company Foundation Resource Management Inc (Current Portfolio) buys Lumen Technologies Inc, Federated Hermes Inc, APA Corp, Precision Drilling Corp, International Business Machines Corp, sells ViacomCBS Inc, SEACOR Holdings Inc, Corning Inc, Nokia Oyj, APA Corp during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Foundation Resource Management Inc. As of 2021Q1, Foundation Resource Management Inc owns 51 stocks with a total value of $420 million. These are the details of the buys and sells.
0 Views    insider    2021-04-08 18:38
Investment company Truehand, Inc (Current Portfolio) buys APA Corp, Washington Prime Group Inc, sells Accenture PLC, The Walt Disney Co, iShares U.S. Preferred Stock, PayPal Holdings Inc, Alibaba Group Holding during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Truehand, Inc. As of 2021Q1, Truehand, Inc owns 199 stocks with a total value of $164 million. These are the details of the buys and sells.
0 Views    insider    2021-04-07 06:38
The top 5 stocks on the rise

Over the course of 2020, the five stocks that consistently made the biggest gains on the S&P 500 included Etsy Inc. (ETSY), Carnival Corp. (CCL), Devon Energy Corp. (DVN), Norwegian Cruise Line Holdings Ltd. (NCLH) and Apache Corp. (APA).

Starting in March of last year, GuruFocus began a new initiative to become more active on social media and interact with our audience on a daily basis. Throughout the year we developed several series of posts, including our increasingly popular Warren Buffett (Trades, Portfolio) Wednesdays and Market Movers.

By June, it became clear that both of these series

477 Views    Graham Griffin    2021-01-04 22:35
Guru stock highlight

By comparison, Apache Corporation (APA) was the largest detractor from performance in the quarter. We believe this price action runs counter to APA's solid fundamentals. The company reported robust earnings results, driven by higher oil production, a significant decline in operating costs and an announcement of a major oil discovery at the Kwaskwasi-1 well, in Suriname. Furthermore, the company has ample liquidity and a manageable bond maturity profile for the next five years. At current levels, we continue to view the risk/reward favorably.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]John Rogers[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=John+Rogers]Portfolio[/url])' Ariel Focus Fund third-quarter 2020 commentary.

28 Views    Sydnee Gatewood    2020-10-30 21:51
Discussion of markets and holdings

Quarter Ended September 30, 2020

2020 has been quite the year thus far: a pandemic, the shutdown of a global economy, a subsequent collapse in equity markets, social unrest, political dysfunction and environmental catastrophes. Despite this backdrop, the U.S. equity market soared to record highs this summer before September's volatility set. High unemployment, income losses, weaker consumption, indecision in Washington around further fiscal relief and U.S. election uncertainty have blurred the path ahead. Yet, it's important to be mindful that equities continue to receive meaningful support from record levels of stimulus, sustained ultra-low interest rates and the Federal Reserve's decision

105 Views    Sydnee Gatewood    2020-10-30 21:41
S&P 500 down 0.48%

The Dow Jones Industrial Average closed at 27,452.66 on Tuesday with a loss of 131.40 points or -0.48%. The S&P 500 closed at 3,335.47 for a loss of 16.13 points or -0.48%. The Nasdaq Composite closed at 11,085.25 for a loss of 32.28 points or -0.29%. The VIX Volatility Index was higher at 26.27 for a gain of 0.08 points or 0.31%.

Tuesday's market movers

U.S. indexes ended a three-day rally, closing lower Tuesday. Globally, coronavirus deaths surpassed the one million mark. Uncertainty also continued over economic stimulus from Congress. On Tuesday evening, investors will see the first presidential debate

78 Views    Julie Young    2020-09-29 22:17
Nasdaq down 1.99%

The Dow Jones Industrial Average closed at 27,534.58 on Thursday with a loss of 405.89 points or -1.45%. The S&P 500 closed at 3,339.19 for a loss of 59.77 points or -1.76%. The Nasdaq Composite closed at 10,919.59 for a loss of 221.97 points or -1.99%. The VIX Volatility Index was higher at 29.71 for a gain of 0.90 points or 3.12%.

Thursday's market movers

U.S. indexes closed lower Thursday, wiping out much of the gains from Wednesday's rebound. Futures were positive at the opening, but investor sentiment was swayed by concerns over a stimulus package that didn't pass Senate

121 Views    Julie Young    2020-09-10 21:50
Firm's largest sales of the 2nd quarter

Chris Davis (Trades, Portfolio)' Davis Selected Advisers manages a $17.29 billion equity portfolio composed of 119 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter of 2020.


The fund trimmed its position in Otis Worldwide Corp. (OTIS) by 99.67%. The trade had an impact of -1.43% on the portfolio.


The company has a market cap of $27.72 billion and an enterprise value of $27.36 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The

93 Views    Tiziano Frateschi    2020-08-17 14:47
Discussion of markets and holdings

The Oakmark Global Select Fund had a strong quarter of absolute and relative performance, returning 23.1%. The benchmark MSCI World Index returned 19.4% for the same period. The Fund has returned an average of 6.4% per year since its inception in October 2006, outperforming the MSCI World Index, which has averaged 5.6% per year over the same period.

Alphabet (GOOGL), the parent company of Google that is headquartered in the U.S., was the largest contributor for the quarter, returning 22.2%. The share price improved along with the broader U.S. equities market. The company also delivered reassuring first-quarter results in April

36 Views    Sydnee Gatewood    2020-07-09 19:35
Discussion of markets and holdings

The second quarter of 2020 was an almost mirror image of the first. The world’s efforts to curb the spread of the coronavirus began to have an impact and the significant U.S. fiscal stimulus, announced in late March, provided much-needed support to consumers, businesses, and the credit markets. The Oakmark Select Fund returned 23% in the second quarter versus a 21% return for the S&P 500 Index. While we are gratified by this result, we understand that we have significant ground to make up with the Fund down approximately 17% YTD (in line with the Russell 1000 Value Index, also

74 Views    Sydnee Gatewood    2020-07-09 19:17
Discussion of markets and holdings

The S&P 500 Index staged a comeback during the second quarter after falling by 20 percentage points during the first three months of the year. The rebound was driven by increased optimism regarding the pace and shape of the economic recovery as shelter-in-place restrictions eased throughout many parts of the country and most businesses were allowed to reopen in some capacity. The Oakmark Fund performed well during this period on both an absolute and relative basis. For the quarter, the Fund appreciated by 23%, outperforming the S&P 500’s return of 21%. We remained active during the second quarter as we

146 Views    Sydnee Gatewood    2020-07-09 18:39
Dow advances 700 points, DocuSign rises after earnings report

US markets

U.S. stocks were in the green on Friday morning ahead of positive economic data in the labor market. The U.S. economy added 2.5 million jobs in May, surpassing projections. The unemployment rate is now 13.3%, below expectations of about 20%. The Dow Jones Industrial Average gained 2.70% to 26,992, the S&P 500 index jumped 2.22% to 3,181 and the Nasdaq Composite Index was up 1.53% to 9,762.


• Occidental Petroleum Corp (OXY) +25%

• Apache Corp (APA) +19.5%

• Carnival Corp (CCL) +19%

• Kohls Corp (KSS) +13%

• Delta Air Lines Inc (DAL) +10.7%

80 Views    Omar Venerio    2020-06-05 15:02
The Mosaic Co tops the list

In order to enhance the likelihood of uncovering value stocks, investors may want to look at those companies with a market capitalization surpassing $2 billion but whose price-book ratio is less than 1.5. The following stocks meet this criteria.

The Mosaic Co

The first company that meets the above-listed criteria is The Mosaic Co (MOS).

Shares of the Tampa, Florida-based producer and global marketer of concentrated phosphate and potash crop nutrients were trading at $10.83 per unit at close on April 16 for a market capitalization of $4.1 billion.

The price-book ratio of 0.45 is better than the industry

172 Views    Alberto Abaterusso    2020-04-17 15:14
MGM Resorts International (MGM), Carnival PLC (CUK), Apache Corp. (APA) and Science Applications International Corp. (SAIC)

According to GuruFocus data, the largest Insider Buys this week were for MGM Resorts International (MGM), Carnival PLC (CUK), Apache Corp. (APA) and Science Applications International Corp. (SAIC).

MGM Resorts International: Director Paul J. Salem bought 377,000 shares

Director Paul J. Salem bought 195,000 shares of MGM stock on April 3 at the average price of $10.40. The price of the stock has increased by 39.9% since.

MGM Resorts International is an American international hospitality and entertainment company that operates resorts in Las Vegas, Detroit, Mississippi, Maryland and New Jersey. The company’s resorts include Bellagio, Mandala Bay, MGM Grand and

428 Views    Shuda Xia    2020-04-11 23:08
Dave & Buster's Entertainment rises on quarterly earnings

U.S. stocks were in the red on Friday on the back of a disappointing jobs report for March, with payrolls down by 701,000 and the unemployment rate up 4.4% versus the 3.8% expected and 3.5% in February. The Dow Jones Industrial Average fell 1.69% to 21,052, the S&P 500 Index declined 1.51% to 2,488, and the Nasdaq Composite Index swelled 1.53% to 7,373.

Non-index stocks have also posted gains and losses recently. Shares of Dave & Buster's Entertainment Inc. (PLAY) rose more than 1% on

40 Views    Omar Venerio    2020-04-03 20:51
As Macy's is kicked off the index, these embattled retail and energy stocks could be next

S&P Global Indices disclosed on April 1 that department store retail giant Macy’s (M) “will be removed from the S&P 500 effective prior to the open of trading on Monday, April 6.” The company will be moved to the S&P 600 SmallCap Index instead, and it will be replaced by Carrier Global Corp. (CARRW), an air conditioning company being spun off of United Technologies (UTX). According to S&P Global Indices, Macy’s no longer belongs on the S&P 500 because of its low market cap and low growth expectations.

During the first three months of 2020, shares of Macy’s fell 71%

563 Views    Margaret Moran    2020-04-02 22:22
Energy has the biggest share of the US high-yield debt market, making big borrowers vulnerable

Saudi Arabia, the de facto leader of OPEC, failed to reach a production cut agreement with non-OPEC Russia on March 6, causing both countries to ramp up production. As a result, oil prices fell more than 24% over the weekend.

After seeing a 6.06% year-over-year increase in January, the ICE/BofA High-Yield Energy Index, which measures the performance of the high-yield corporate bonds of U.S. Dollar-denominated energy stocks, plunged 20.20% in the first couple of weeks of March as a global oil price war began. Energy sector debt is changing hands faster and at cheaper prices as fewer investors are willing

714 Views    Margaret Moran    2020-03-12 21:15
How value investors can distinguish clarion calls for divestment from the reality of world energy demand

There is not a lot of good news surrounding the energy sector these days. Many have shunned the entire industry as a form of investment, and in terms of public relations, the group has become something of a pariah for institutional investors and fund managers due to increasing awareness and demand for action surrounding climate change.

Last year was a particularly painful year for energy stocks, which returned just 5% against a 28% return for the S&P 500. The past month has been particularly brutal on the already hard-hit sector. During the fourth quarter, profits were anemic, including an eye-popping

879 Views    John Kinsellagh    2020-02-27 18:11

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