Apollon Wealth Management LLC Raises Position in Geopark Ltd $GPRK

Apollon Wealth Management LLC raised its holdings in Geopark Ltd (NYSE:GPRK) by 12.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,800 shares of the oil and gas company’s stock after purchasing an additional 25,000 shares during the period. Apollon Wealth Management LLC owned 0.44% of Geopark worth $1,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Millennium Management LLC lifted its holdings in shares of Geopark by 139.9% in the first quarter. Millennium Management LLC now owns 594,154 shares of the oil and gas company’s stock valued at $4,801,000 after purchasing an additional 346,521 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Geopark by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 365,825 shares of the oil and gas company’s stock valued at $2,956,000 after purchasing an additional 177,496 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Geopark by 4.0% in the first quarter. Principal Financial Group Inc. now owns 359,919 shares of the oil and gas company’s stock valued at $2,908,000 after purchasing an additional 13,999 shares in the last quarter. Militia Capital Partners LP lifted its holdings in shares of Geopark by 37.2% in the first quarter. Militia Capital Partners LP now owns 290,447 shares of the oil and gas company’s stock valued at $2,347,000 after purchasing an additional 78,724 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Geopark by 115.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 284,962 shares of the oil and gas company’s stock valued at $2,302,000 after purchasing an additional 152,520 shares in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

Analyst Upgrades and Downgrades

GPRK has been the topic of several recent research reports. Wall Street Zen raised shares of Geopark from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Geopark in a research report on Wednesday, October 8th. Finally, Santander initiated coverage on shares of Geopark in a research report on Friday, August 29th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Geopark has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Geopark Stock Performance

Shares of GPRK stock opened at $6.35 on Tuesday. Geopark Ltd has a one year low of $5.66 and a one year high of $11.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47. The company has a 50 day moving average price of $6.45 and a 200 day moving average price of $6.70. The firm has a market capitalization of $325.18 million, a price-to-earnings ratio of 7.64 and a beta of 0.76.

Geopark (NYSE:GPRK) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. Geopark had a net margin of 7.70% and a return on equity of 35.65%. The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $123.00 million. Sell-side analysts anticipate that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were given a $0.147 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.59 annualized dividend and a dividend yield of 9.3%. Geopark’s dividend payout ratio is presently 71.08%.

Geopark Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.