New York State Common Retirement Fund acquired a new position in shares of GeoPark Limited (NYSE:GPRK – Get Rating ) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,694 shares of the oil and gas company’s stock, valued at approximately $145,000.
Other large investors have also recently added to or reduced their stakes in the company. PFS Investments Inc. raised its position in GeoPark by 40.4% in the fourth quarter. PFS Investments Inc. now owns 67,881 shares of the oil and gas company’s stock worth $777,000 after acquiring an additional 19,531 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding SA lifted its position in GeoPark by 111.1% in the fourth quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA now owns 523,757 shares of the oil and gas company’s stock worth $5,997,000 after acquiring an additional 275,679 shares during the period. Advisor Group Holdings Inc. acquired a new position in GeoPark in the first quarter valued at $30,000. Russell Investments Group Ltd. acquired a new position in GeoPark during the first quarter valued at $36,000. Finally, Vaughan Nelson Investment Management LP raised its position in GeoPark by 36.0% during the first quarter. Vaughan Nelson Investment Management LP now owns 19,160 shares of the oil and gas company’s stock valued at $286,000 after acquiring an additional 5,070 shares during the period. 37.51% of the shares are currently owned by institutional investors and hedge funds.
Cost effectiveness of GeoPark
Shares of GeoPark stock opened at $13.14 on Monday. GeoPark Limited has a 52-week low of $9.94 and a 52-week high of $18.52. The firm has a market cap of $791.53 million, a price-to-earnings ratio of 4.64 and a beta of 1.54. The company has a fifty day simple moving average of $12.54 and a 200 day simple moving average of $14.42. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 29.06.
GeoPark (NYSE:GPRK – Get Rating) last posted its earnings results on Wednesday, August 10. The oil and gas company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.25). GeoPark had a negative return on equity of 398.58% and a net margin of 18.44%. The business had revenue of $311.23 million for the quarter, compared to analysts’ expectations of $280.36 million. On average, equities analysts expect that GeoPark Limited will post 4.94 EPS for the current fiscal year.
GeoPark increases dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 25th will be given a $0.127 dividend. The ex-dividend date is Wednesday, August 24th. This represents an annualized dividend of $0.51 and a dividend yield of 3.87%. This is a positive change from GeoPark’s previous quarterly dividend of $0.08. GeoPark’s dividend payout ratio is currently 11.66%.
The Wall Street analyst weighs in
Separately, Canaccord Genuity Group cut their target price on shares of GeoPark from $24.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 12th.
GeoPark Limited is engaged 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 has working and/or economic interests in 42 hydrocarbon blocks. It had net proved reserves of 87.8 million barrels of oil equivalent.
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