PDT Partners LLC Cuts Stock Position in GeoPark Limited (NYSE:GPRK)

PDT Partners LLC lowered its stake in GeoPark Limited (NYSE:GPRK) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,263 shares of the oil and gas company’s stock after selling 11,600 shares during the period. PDT Partners LLC’s holdings in GeoPark were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPRK. Acadian Asset Management LLC grew its stake in shares of GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 368,161 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of GeoPark in the 3rd quarter worth approximately $2,834,000. Mackenzie Financial Corp purchased a new stake in shares of GeoPark in the 2nd quarter worth approximately $2,929,000. Principal Financial Group Inc. purchased a new stake in shares of GeoPark in the 2nd quarter worth approximately $2,261,000. Finally, Deltec Asset Management LLC lifted 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 acquiring an additional 119,678 shares in the last quarter. Hedge funds and other institutional investors own 68.21% of the company’s stock.

Wall Street Analyst Weigh In

GPRK has been the topic of several analyst reports. StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. lowered their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th.

GeoPark Stock Performance

GPRK stock opened at $11.19 on Wednesday. The stock’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $9.20. The stock has a market capitalization of $572.48 million, a PE ratio of 5.68 and a beta of 1.37. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark Limited has a 12-month low of $7.24 and a 12-month high of $11.39.

GeoPark (NYSE:GPRK) last released its quarterly 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 firm had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. As a group, research analysts forecast that GeoPark Limited will post 2.95 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.147 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.59 annualized dividend and a dividend yield of 5.25%. GeoPark’s payout ratio is 29.95%.

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.