What smart money is saying about APA Corp.
1 fund in our archive has pitched APA Corp. — most recently Hotchkis & Wiley Value Opportunities in June 2026.
APA Corporation operates in the upstream segment of the oil and natural gas industry, utilizing its various subsidiaries to explore for, develop, and produce hydrocarbon assets. The company maintains significant operational presences in the United States, Egypt, and the United Kingdom, while also conducting exploration activities offshore Suriname. Furthermore, APA Corporation manages critical gathering, processing, and transmission infrastructure within West Texas and holds ownership interests in four major pipelines connecting the Permian Basin to the Gulf Coast. Established in 1954, the company is headquartered in Houston, Texas.
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Position history
Between Q1 2026 and Q2 2026, 8 fund letters reported a position in APA Corp. — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 6 | 0 | 0 | 1 |
| Q1 2026 | 2 | 0 | 1 | 0 |
Fund activity · 8 positions · 1 move
- June 2026
“APA Corp. (APA) is an independent oil and gas E&P (exploration & production) company operating in the Permian and in Egypt. Quarterly results were in line with expectations and supportive of our investment thesis, but the stock fell as oil retreated due to optimism about a resolution to the conflict in Iran.”
APA Corp. - June 2026
“APA Corp. (APA) is an independent oil and gas E&P (exploration & production) company operating in the Permian and in Egypt.”
APA Corp. - June 2026
“APA Corp. (APA) is an independent oil and gas E&P (exploration & production) company operating in the Permian and in Egypt. Quarterly results were in line with expectations and supportive of our investment thesis, but the stock fell as oil retreated due to optimism about a resolution to the conflict in Iran.”
APA Corp. - June 2026
“Below are the largest detractors held in the portfolio. APA Corp. (APA) is an independent oil and gas E&P (exploration & production) company operating in the Permian and in Egypt.”
APA Corp. - June 2026
“APA Corp. (APA) is an independent oil and gas E&P (exploration & production) company operating in the Permian and in Egypt.”
APA Corp. - June 2026
“Energy was the most notable detractor from fund results during the period. The market discounted a potential end to the Iran conflict and lower risk to global crude supply which pushed oil prices lower. This pressured Exxon Mobil, APA, and Shell, which detracted from the fund’s absolute and relative performance during the quarter.”
APA Corp. - March 2026
“l We eliminated the following position(s) during the period: • APA • Baxter • Celanese • Deere”
APA Corp. - March 2026
“Three positions stood out as the largest contributors to performance. Corning shares advanced 56% during the quarter, supported by improving demand in optical communications for data centers leading to a more constructive pricing environment. Exxon shares rose 42%, reflecting strong underlying commodity fundamentals and continued capital discipline amid the energy price shock. The fund’s overweight position to Exxon provided a meaningful positive contribution to relative returns. APA shares gained 74%, benefiting from operational leverage to higher energy prices and improved investor sentiment toward the sector. The fund’s overweight to APA also contributed to relative performance.”
APA Corp.
Fund coverage · 1 thesis
- Hotchkis & Wiley Value OpportunitiesJune 2026
APA is an upstream oil and gas company with strong free cash flow, undervalued reinvestment opportunities, and a discounted valuation.
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