HighPeak Energy, Inc. (NASDAQ:HPK – Get Free Report) CEO Jack Hightower bought 36,078 shares of HighPeak Energy stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $15.25 per share, with a total value of $550,189.50. Following the completion of the acquisition, the chief executive officer now directly owns 4,859,255 shares of the company’s stock, valued at approximately $74,103,638.75. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Jack Hightower also recently made the following trade(s):
- On Thursday, August 29th, Jack Hightower acquired 17,743 shares of HighPeak Energy stock. The shares were bought at an average price of $15.50 per share, with a total value of $275,016.50.
- On Tuesday, August 27th, Jack Hightower bought 50,000 shares of HighPeak Energy stock. The stock was bought at an average price of $15.50 per share, for a total transaction of $775,000.00.
HighPeak Energy Stock Performance
HighPeak Energy stock opened at $14.07 on Friday. HighPeak Energy, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $18.42. The firm’s 50 day simple moving average is $15.48 and its 200-day simple moving average is $15.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.90. The company has a market cap of $1.80 billion, a P/E ratio of 11.35 and a beta of 0.68.
HighPeak Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.14%. HighPeak Energy’s dividend payout ratio is 12.90%.
Institutional Investors Weigh In On HighPeak Energy
Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in HighPeak Energy during the 4th quarter valued at about $117,000. Swiss National Bank acquired a new position in HighPeak Energy in the 4th quarter valued at approximately $721,000. Dynamic Technology Lab Private Ltd purchased a new stake in HighPeak Energy in the 4th quarter worth approximately $226,000. Intrinsic Edge Capital Management LLC acquired a new stake in shares of HighPeak Energy during the 4th quarter valued at $3,636,000. Finally, Wasatch Advisors LP grew its holdings in shares of HighPeak Energy by 4.7% during the 4th quarter. Wasatch Advisors LP now owns 450,765 shares of the company’s stock valued at $6,419,000 after acquiring an additional 20,087 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Truist Financial upped their target price on HighPeak Energy from $13.00 to $14.00 and gave the company a “hold” rating in a report on Monday, July 22nd.
Get Our Latest Stock Report on HPK
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.
Featured Articles
- Five stocks we like better than HighPeak Energy
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Emerging Markets: What They Are and Why They Matter
- How to Use the MarketBeat Excel Dividend Calculator
- Recession or Not, These 3 Stocks Are Winners
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Why NVIDIA Is More of a Screaming Buy Than Ever
Receive News & Ratings for HighPeak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HighPeak Energy and related companies with MarketBeat.com's FREE daily email newsletter.