Cubist Systematic Strategies LLC Cuts Stock Position in GeoPark Limited (NYSE:GPRK)

Cubist Systematic Strategies LLC trimmed its position in shares of GeoPark Limited (NYSE:GPRK) by 57.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,070 shares of the oil and gas company’s stock after selling 159,802 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in GeoPark were worth $1,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GPRK. EverSource Wealth Advisors LLC purchased a new position in shares of GeoPark during the first quarter worth approximately $28,000. nVerses Capital LLC bought a new position in shares of GeoPark during the 2nd quarter valued at $35,000. Campbell & CO Investment Adviser LLC raised its position in GeoPark by 18.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 116,514 shares of the oil and gas company’s stock worth $999,000 after purchasing an additional 18,167 shares during the period. Virtu Financial LLC bought a new stake in GeoPark in the first quarter worth $192,000. Finally, Commonwealth Equity Services LLC purchased a new stake in GeoPark during the second quarter valued at about $244,000. Institutional investors own 68.21% of the company’s stock.

Analyst Upgrades and Downgrades

GPRK has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on GeoPark from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 26th.

GeoPark Price Performance

Shares of GeoPark stock opened at $8.27 on Wednesday. The company’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $9.59. GeoPark Limited has a 12-month low of $7.24 and a 12-month high of $11.25. The firm has a market cap of $457.29 million, a PE ratio of 4.05 and a beta of 1.32. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83.

GeoPark (NYSE:GPRK) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (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 the consensus estimate of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. As a group, equities analysts expect that GeoPark Limited will post 3.18 EPS for the current year.

GeoPark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.147 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.59 annualized dividend and a dividend yield of 7.11%. GeoPark’s dividend payout ratio (DPR) is presently 28.43%.

GeoPark Profile

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.