GeoPark Limited (NYSE:GPRK) Shares Bought by Annex Advisory Services LLC

by · The Cerbat Gem

Annex Advisory Services LLC raised its stake in shares of GeoPark Limited (NYSE:GPRK – Free Report) by 137.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,750 shares of the oil and gas company’s stock after purchasing an additional 74,485 shares during the period. Annex Advisory Services LLC owned 0.23% of GeoPark worth $1,013,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Aristides Capital LLC purchased a new stake in shares of GeoPark during the second quarter worth approximately $286,000. Mackenzie Financial Corp purchased a new position in shares of GeoPark in the second quarter worth about $2,929,000. Employees Retirement System of Texas purchased a new stake in GeoPark during the 2nd quarter valued at about $34,000. Renaissance Technologies LLC raised its holdings in GeoPark by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock valued at $35,550,000 after acquiring an additional 61,454 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after purchasing an additional 368,161 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

GeoPark Stock Down 3.2 %

GPRK stock opened at $8.37 on Monday. The firm has a market cap of $463.10 million, a PE ratio of 4.10 and a beta of 1.32. GeoPark Limited has a one year low of $7.24 and a one year high of $11.25. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. The firm’s 50 day moving average price is $8.48 and its 200-day moving average price is $9.52.

GeoPark (NYSE:GPRK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business had revenue of $190.20 million during the quarter, compared to analyst estimates of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities research analysts anticipate that GeoPark Limited will post 3.09 EPS for the current year.

GeoPark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 annualized dividend and a dividend yield of 7.03%. GeoPark’s dividend payout ratio is currently 28.43%.

Wall Street Analysts Forecast Growth

GPRK has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on GeoPark from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. StockNews.com cut shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

Read Our Latest Stock Report on GPRK

GeoPark Company Profile

(Free Report)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.

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