Fourth Sail Capital LP cut its holdings in shares of Geopark Ltd (NYSE:GPRK – Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,396,408 shares of the oil and gas company’s stock after selling 312,131 shares during the quarter. Geopark makes up approximately 2.8% of Fourth Sail Capital LP’s portfolio, making the stock its 15th largest holding. Fourth Sail Capital LP owned 4.68% of Geopark worth $17,757,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Geopark by 86.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 3,134 shares during the last quarter. State of Wyoming lifted its holdings in Geopark by 39.2% during the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 2,740 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Geopark during the fourth quarter valued at about $101,000. PharVision Advisers LLC bought a new stake in shares of Geopark during the third quarter valued at about $117,000. Finally, Virtu Financial LLC bought a new stake in shares of Geopark during the third quarter valued at about $158,000. 68.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
GPRK has been the topic of several analyst reports. Weiss Ratings upgraded Geopark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Jefferies Financial Group reiterated a “buy” rating and set a $11.50 price target on shares of Geopark in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Geopark presently has an average rating of “Moderate Buy” and an average target price of $11.50.
Insider Transactions at Geopark
In other Geopark news, Director James Franklin Park sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $8.83, for a total value of $883,000.00. Following the completion of the sale, the director owned 912,118 shares of the company’s stock, valued at $8,054,001.94. This represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.
Geopark Stock Up 1.2%
GPRK stock opened at $11.19 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.96 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $9.76 and its 200 day moving average is $8.72. The stock has a market cap of $578.55 million, a price-to-earnings ratio of 10.66 and a beta of 0.36. Geopark Ltd has a 1-year low of $5.75 and a 1-year high of $11.87.
Geopark (NYSE:GPRK – Get Free Report) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.13. The business had revenue of $128.40 million during the quarter, compared to analyst estimates of $140.00 million. Geopark had a return on equity of 36.71% and a net margin of 11.74%.
Geopark Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were paid a $0.023 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.09 annualized dividend and a yield of 0.8%. Geopark’s dividend payout ratio is currently 8.57%.
Geopark Profile
Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.
The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.
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