AlphaStar Capital Management 13F: New $565K Stake in APA
Key Points
- AlphaStar Capital Management picked up 13,597 shares of APA Corporation APA, valued at $564,826, in a new position revealed on October 16, 2026.
- APA Corporation trades near its 52-week high, recent shares changing hands around $49.76.
- The energy company pays a $1.00 annual dividend, giving investors a 2.01% yield.
Since the filing, $APA is up 1.2% to date (from the $49.15 close on Oct 16, 2026).
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AlphaStar Capital Management opened a new position in APA Corporation APA, picking up 13,597 shares valued at $564,826. The move came to light in a Form 13F filing with the Securities and Exchange Commission on October 16, 2026.
APA
APA Corporation
AlphaStar Capital Management vs. the S&P 500
Hypothetical returns from AlphaStar Capital Management's disclosed trades, not real profit or advice. How we model this.
What Changed in AlphaStar Capital Management's APA Corporation Position
The fund started from zero and added 13,597 shares during the period. The new holding carried a reported value of $564,826 as of the filing date.
Other Institutional Activity in APA Corporation
Other large funds made adjustments to their holdings in the energy explorer during the same reporting cycle. Vanguard Group lowered its holdings by 698,443 shares, ending with 43,327,998 shares worth about $1,429,174,040.48 after a 1.59% decrease. Hotchkis & Wiley Capital Management, LLC cut its stake by 320,155 shares, leaving it with 31,695,303 shares valued at about $1,577,158,224 following a 1.00% reduction.
APA Corporation Stock Up 1.2%
The company's shares recently traded around $49.76, sitting near the 52-week high of $49.85. APA Corporation closed at $49.15 on the day of the filing.
Recent Earnings
APA Corporation reported trailing twelve month revenue of $8,572,000,256 with earnings of $4.73 per share. The firm is scheduled to report its next round of earnings on November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 21.9%. Revenue beat estimates by 8.0%.
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Profit surprise
EBITDA beat by 18 percent. Operating income beat by 37 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin up 58.5 points. Operating margin up 13.6 points. Positive free cash flow.
Earnings Call Summary
APA delivered a strong first quarter with $2.3 billion in revenue and $1.38 in earnings per share, beating consensus expectations. The Permian is running more efficiently with fewer rigs and lower costs while still producing more oil. Egypt benefited from gas development and improved operations, generating nearly $500 million in free cash flow. The company is focused on paying down debt toward a $3 billion target and returning cash to shareholders while advancing the Suriname project toward first oil in 2028.
Guidance The company expects about $2.2 billion in free cash flow for the full year and plans to keep capital spending at $2.1 billion. They raised their U.S. oil production goal to 122,000 barrels per day but lowered Egypt adjusted volumes because higher oil prices reduce the volumes they can count under their contract terms. They still expect about $1.1 billion from their gas trading business.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
APA Corporation offers an annual dividend of $1.00 per share, which works out to a 2.01% dividend yield. The payout ratio sits at 21.1%, meaning the company uses about a fifth of its earnings to cover the shareholder payout.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 14, 2026, Wells Fargo kept an Equal-Weight rating and lifted its target to $51.00 from $50.00. Scotiabank initiated coverage on October 15, 2026, with a Sector Perform rating and a $44.00 price target. Mizuho maintained an Underperform rating on October 15, 2026, and raised its target from $36.00 to $44.00. Morgan Stanley kept an Underweight rating on October 15, 2026, while bumping its target to $43.00 from $41.00. RBC Capital maintained a Sector Perform rating on October 15, 2026, taking its target from $47.00 to $49.00. Overall, the stock holds a consensus hold rating from 26 analysts with a mean price target of $49.08.
About APA Corporation
APA Corporation operates as an independent energy company focused on finding and producing natural gas, crude oil, and natural gas liquids. Headquartered in Houston, Texas, the company runs operations across the United States, Egypt, and the North Sea, alongside appraisal projects in Suriname and other international locations.
Bottom Line
Investors will watch for the company's upcoming earnings report on November 4, 2026, for fresh details on production and cash flow. Institutional filings like this one provide a look at where fund managers are putting their money across the energy sector.
Related Filing Alerts
Source: AlphaStar Capital Management's 13F filing on $APA (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts