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 also recently added to or reduced their stakes in the company. PFS Investments Inc. raised its position in Geopark by 40.4% during the fourth quarter. PFS Investments Inc. now owns 67,881 shares of the oil and gas company’s stock valued at $777,000 after acquiring an additional 19,531 shares during the period. BNP PARIBAS Asset Management Holding SA boosted its position in Geopark by 111.1% in the 4th quarter. BNP Parivas 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 during the first quarter worth $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 boosted its position in GeoPark by 36.0% in 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 stock is currently owned by institutional investors and hedge funds.
GeoPark value display
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 capitalization 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 Ratings ) last released its earnings results on Wednesday, August 10th. 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 forecast that Geopark Ltd will post 4.94 EPS for the current fiscal year.
GeoPark raises dividend
The company recently announced its quarterly dividend to be paid on Thursday, September 8. Investors of record on Thursday, August 25th will be issued a $0.127 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.51 dividend on an annualized basis 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%.
Wall Street analysts weigh in
Separately, Canaccord Genuity Group decreased 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 had working and/or economic interests in 42 hydrocarbon blocks. It had proven net reserves of 87.8 million barrels of oil equivalent.
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