Russell Investments Group Ltd. acquired a new stake in shares of GeoPark Limited (NYSE:GPRK – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,444 shares of the oil and gas company’s stock, valued at approximately $36,000.
Other large investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. purchased a new stake in GeoPark during the 1st quarter valued at about $30,000. Acadian Asset Management LLC acquired a new position in GeoPark in the 4th quarter valued at about $33,000. UMB Bank N A MO acquired a new position in GeoPark in the 4th quarter valued at about $92,000. PEAK6 Investments LLC acquired a new position in GeoPark in the 4th quarter valued at about $229,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in GeoPark by 36.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 19,160 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 5,070 shares during the last quarter. Hedge funds and other institutional investors own 37.51% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on GPRK. Canaccord Genuity Group decreased their target price on shares of GeoPark from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 12th. StockNews.com lowered shares of GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday.
GeoPark Stock Performance
Shares of GPRK stock opened at $13.15 on Friday. The firm’s 50 day moving average price is $12.37 and its 200-day moving average price is $14.38. The company has a debt-to-equity ratio of 29.06, a quick ratio of 0.93 and a current ratio of 0.96. GeoPark Limited has a one year low of $10.13 and a one year high of $18.52. The firm has a market cap of $792.13 million, a P/E ratio of 4.65 and a beta of 1.54.
GeoPark (NYSE:GPRK – Get Rating) last issued its quarterly earnings data on Wednesday, August 10th. The oil and gas company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.25). GeoPark had a negative return on equity of 398.58% and a net margin of 18.44%. The company had revenue of $311.23 million during the quarter, compared to analyst estimates of $280.36 million. As a group, equities research analysts predict that GeoPark Limited will post 4.2 EPS for the current year.
GeoPark Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 25th will be paid a dividend of $0.127 per share. This is an increase from GeoPark’s previous quarterly dividend of $0.08. This represents a $0.51 annualized dividend and a yield of 3.86%. The ex-dividend date is Wednesday, August 24th. GeoPark’s dividend payout ratio is presently 11.66%.
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks. It had net proved reserves of 87.8 million barrels of oil equivalent.
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