Commonwealth Equity Services LLC Invests $244,000 in GeoPark Limited (NYSE:GPRK)

Commonwealth Equity Services LLC bought a new position in shares of GeoPark Limited (NYSE:GPRK) during the 2nd quarter, Holdings Channel reports. The firm bought 22,268 shares of the oil and gas company’s stock, valued at approximately $244,000.

Other large investors also recently made changes to their positions in the company. Carmignac Gestion grew its holdings in shares of GeoPark by 12.0% during the fourth quarter. Carmignac Gestion now owns 1,118,884 shares of the oil and gas company’s stock worth $9,589,000 after purchasing an additional 120,000 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in shares of GeoPark during the second quarter valued at $460,000. Principal Financial Group Inc. acquired a new position in shares of GeoPark during the second quarter valued at $2,261,000. Quadrature Capital Ltd lifted its stake in shares of GeoPark by 40.6% during the first quarter. Quadrature Capital Ltd now owns 85,080 shares of the oil and gas company’s stock valued at $817,000 after acquiring an additional 24,555 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of GeoPark during the first quarter valued at $28,000. Institutional investors own 68.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GPRK shares. StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their target price on GeoPark from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday.

GeoPark Trading Down 3.5 %

NYSE:GPRK opened at $8.09 on Thursday. GeoPark Limited has a 1-year low of $7.24 and a 1-year high of $11.25. The business’s 50-day moving average price is $8.86 and its two-hundred day moving average price is $9.61. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $448.47 million, a price-to-earnings ratio of 3.96 and a beta of 1.32.

GeoPark (NYSE:GPRK) last released its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities analysts expect that GeoPark Limited will post 3.18 earnings per share for the current year.

GeoPark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date was Thursday, August 29th. GeoPark’s dividend payout ratio is currently 28.92%.

About GeoPark

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.