UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in GeoPark Limited (NYSE:GPRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in GeoPark Limited (NYSE:GPRK) in the third quarter, Holdings Channel reports. The firm acquired 360,115 shares of the oil and gas company’s stock, valued at approximately $2,834,000.

Several other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. acquired a new position in shares of GeoPark in the third quarter worth $38,000. Dynamic Technology Lab Private Ltd purchased a new position in GeoPark in the third quarter valued at $294,000. Principal Financial Group Inc. grew its stake in GeoPark by 77.4% during the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock worth $2,883,000 after purchasing an additional 159,861 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in GeoPark during the 2nd quarter worth about $460,000. Finally, Deltec Asset Management LLC raised its position in GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after purchasing an additional 119,678 shares in the last quarter. 68.21% of the stock is owned by hedge funds and other institutional investors.

GeoPark Stock Performance

NYSE:GPRK opened at $10.74 on Friday. The firm has a market capitalization of $549.46 million, a PE ratio of 5.45 and a beta of 1.37. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. The business’s fifty day moving average price is $8.79 and its 200 day moving average price is $9.25. GeoPark Limited has a 12 month low of $7.24 and a 12 month high of $11.72.

GeoPark (NYSE:GPRK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.11). The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. On average, sell-side analysts anticipate that GeoPark Limited will post 2.56 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.147 dividend. This represents a $0.59 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Thursday, November 21st. GeoPark’s payout ratio is 29.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of GeoPark from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

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.