HighPeak Energy, Inc. (NASDAQ:HPK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,221 shares of the company’s stock after selling 3,339 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HighPeak Energy were worth $392,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. acquired a new position in HighPeak Energy in the 2nd quarter worth $40,000. Innealta Capital LLC purchased a new stake in shares of HighPeak Energy during the second quarter worth about $86,000. SG Americas Securities LLC acquired a new position in shares of HighPeak Energy in the third quarter worth about $107,000. FMR LLC boosted its holdings in HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after purchasing an additional 7,091 shares during the last quarter. Finally, Solstein Capital LLC grew its stake in HighPeak Energy by 33.3% during the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Price Performance

HPK opened at $14.05 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 11.06 and a beta of 0.73. The company has a 50-day moving average of $14.25 and a 200-day moving average of $14.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. HighPeak Energy, Inc. has a 1-year low of $12.47 and a 1-year high of $17.48.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The business had revenue of $271.60 million during the quarter, compared to the consensus estimate of $270.18 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. Equities analysts expect that HighPeak Energy, Inc. will post 0.77 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, December 2nd. HighPeak Energy’s dividend payout ratio (DPR) is presently 12.60%.

Analyst Upgrades and Downgrades

Separately, Truist Financial upped their target price on HighPeak Energy from $12.00 to $14.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.