Parvin Asset Management LLC Takes Position in GeoPark Limited (NYSE:GPRK)

Parvin Asset Management LLC purchased a new stake in GeoPark Limited (NYSE:GPRK) in the 4th quarter, Holdings Channel.com reports. The firm purchased 76,975 shares of the oil and gas company’s stock, valued at approximately $714,000.

Several other hedge funds and other institutional investors have also modified their holdings of GPRK. Barclays PLC increased its position in GeoPark by 392.3% in the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 7,151 shares during the period. DGS Capital Management LLC acquired a new stake in GeoPark in the 3rd quarter valued at approximately $148,000. Principal Financial Group Inc. increased its position in GeoPark by 77.4% in the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock valued at $2,883,000 after acquiring an additional 159,861 shares during the period. Annex Advisory Services LLC increased its position in GeoPark by 25.5% in the 4th quarter. Annex Advisory Services LLC now owns 161,620 shares of the oil and gas company’s stock valued at $1,498,000 after acquiring an additional 32,870 shares during the period. Finally, Blue Trust Inc. increased its position in GeoPark by 25.6% in the 4th quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 1,252 shares during the period. 68.21% of the stock is owned by institutional investors and hedge funds.

GeoPark Stock Down 0.1 %

Shares of GPRK stock opened at $7.01 on Wednesday. GeoPark Limited has a 1 year low of $5.66 and a 1 year high of $11.72. The stock has a market cap of $358.99 million, a PE ratio of 3.56 and a beta of 0.93. The business’s fifty day moving average is $7.41 and its 200-day moving average is $8.63. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28.

GeoPark (NYSE:GPRK) last issued its earnings results on Wednesday, March 5th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.43). The company had revenue of $143.70 million during the quarter, compared to analyst estimates of $141.00 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. Equities analysts expect that GeoPark Limited will post 1.97 earnings per share for the current fiscal year.

GeoPark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 19th were issued a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Wednesday, March 19th. GeoPark’s payout ratio is 32.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut GeoPark from a “buy” rating to a “hold” rating in a research report on Sunday.

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.