Employees Retirement System of Texas Buys New Shares in GeoPark Limited (NYSE:GPRK)

Employees Retirement System of Texas bought a new stake in GeoPark Limited (NYSE:GPRK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,116 shares of the oil and gas company’s stock, valued at approximately $34,000.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in GeoPark in the first quarter valued at $28,000. nVerses Capital LLC bought a new position in shares of GeoPark in the 2nd quarter valued at about $35,000. Virtu Financial LLC bought a new position in shares of GeoPark in the 1st quarter valued at about $192,000. Commonwealth Equity Services LLC bought a new position in shares of GeoPark in the 2nd quarter valued at about $244,000. Finally, Stokes Family Office LLC bought a new position in shares of GeoPark in the 1st quarter valued at about $302,000. Institutional investors own 68.21% of the company’s stock.

GeoPark Stock Performance

NYSE GPRK opened at $8.04 on Friday. The firm has a 50-day moving average of $8.82 and a 200-day moving average of $9.60. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. The stock has a market cap of $444.84 million, a PE ratio of 3.94 and a beta of 1.32. GeoPark Limited has a 52-week low of $7.24 and a 52-week high of $11.25.

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 analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. On average, sell-side analysts anticipate that GeoPark Limited will post 3.18 EPS for the current year.

GeoPark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.147 dividend. This represents a $0.59 annualized dividend and a yield of 7.31%. The ex-dividend date was Thursday, August 29th. GeoPark’s dividend payout ratio (DPR) is 28.43%.

Wall Street Analysts Forecast Growth

GPRK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of GeoPark from $11.50 to $12.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com downgraded shares of GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

GeoPark Company 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.