Renaissance Technologies LLC Raises Holdings in GeoPark Limited (NYSE:GPRK)

Renaissance Technologies LLC increased its stake in shares of GeoPark Limited (NYSE:GPRK) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,246,617 shares of the oil and gas company’s stock after acquiring an additional 61,454 shares during the period. Renaissance Technologies LLC owned about 5.87% of GeoPark worth $35,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its holdings in GeoPark by 146.7% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 27,798 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 16,532 shares in the last quarter. Trexquant Investment LP increased its stake in shares of GeoPark by 107.3% in the 4th quarter. Trexquant Investment LP now owns 85,809 shares of the oil and gas company’s stock valued at $735,000 after purchasing an additional 44,407 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in GeoPark by 18.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 116,514 shares of the oil and gas company’s stock worth $999,000 after purchasing an additional 18,167 shares during the period. Carmignac Gestion raised its holdings in GeoPark by 12.0% in the 4th 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 period. Finally, SpiderRock Advisors LLC purchased a new position in GeoPark during the first quarter worth approximately $474,000. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

GeoPark Stock Down 1.0 %

Shares of NYSE GPRK opened at $7.75 on Thursday. The firm has a market cap of $428.52 million, a price-to-earnings ratio of 3.80 and a beta of 1.32. The company’s 50-day simple moving average is $9.14 and its 200-day simple moving average is $9.64. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. GeoPark Limited has a 52-week low of $7.24 and a 52-week high of $11.25.

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

GeoPark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a dividend yield of 7.59%. The ex-dividend date was Thursday, August 29th. GeoPark’s payout ratio is 28.43%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 19th.

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.