Denali Advisors LLC Boosts Stock Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Denali Advisors LLC grew its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 457,829 shares of the company’s stock after buying an additional 39,783 shares during the period. Denali Advisors LLC owned 0.36% of HighPeak Energy worth $6,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in HPK. State Street Corp boosted its holdings in shares of HighPeak Energy by 135.1% in the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after buying an additional 406,536 shares in the last quarter. Geode Capital Management LLC boosted its stake in HighPeak Energy by 17.3% in the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after acquiring an additional 82,988 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of HighPeak Energy by 54.3% during the fourth quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company’s stock worth $6,869,000 after purchasing an additional 164,398 shares during the last quarter. Sanders Morris Harris LLC increased its position in shares of HighPeak Energy by 11.4% during the fourth quarter. Sanders Morris Harris LLC now owns 361,646 shares of the company’s stock worth $5,253,000 after purchasing an additional 37,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of HighPeak Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 182,743 shares of the company’s stock valued at $2,686,000 after purchasing an additional 8,855 shares during the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their price target on HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, January 13th.

HighPeak Energy Stock Down 4.0 %

Shares of NASDAQ:HPK opened at $12.84 on Wednesday. HighPeak Energy, Inc. has a 1-year low of $12.48 and a 1-year high of $17.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The stock has a market cap of $1.63 billion, a P/E ratio of 10.11 and a beta of 0.73. The firm has a fifty day moving average price of $14.30 and a 200 day moving average price of $14.49.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.25%. HighPeak Energy’s dividend payout ratio (DPR) is 12.60%.

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.