American Century Companies Inc. Buys 110,099 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

American Century Companies Inc. grew its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 26.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,698 shares of the company’s stock after buying an additional 110,099 shares during the period. American Century Companies Inc. owned 0.41% of HighPeak Energy worth $7,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HPK. Swiss National Bank bought a new stake in HighPeak Energy during the fourth quarter valued at $721,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of HighPeak Energy during the fourth quarter worth about $226,000. Intrinsic Edge Capital Management LLC bought a new position in shares of HighPeak Energy in the fourth quarter worth approximately $3,636,000. Wasatch Advisors LP raised its stake in HighPeak Energy by 4.7% in the fourth quarter. Wasatch Advisors LP now owns 450,765 shares of the company’s stock valued at $6,419,000 after purchasing an additional 20,087 shares in the last quarter. Finally, Register Financial Advisors LLC raised its stake in HighPeak Energy by 16.2% in the first quarter. Register Financial Advisors LLC now owns 43,000 shares of the company’s stock valued at $678,000 after purchasing an additional 6,000 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Trading Up 2.4 %

NASDAQ HPK opened at $15.49 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $15.36 and its two-hundred day simple moving average is $15.08. HighPeak Energy, Inc. has a twelve month low of $12.20 and a twelve month high of $18.42. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.49 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, August 5th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.22). HighPeak Energy had a return on equity of 15.99% and a net margin of 14.05%. The firm had revenue of $275.30 million during the quarter, compared to the consensus estimate of $282.56 million. During the same quarter in the previous year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts forecast that HighPeak Energy, Inc. will post 1.07 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, September 3rd. HighPeak Energy’s dividend payout ratio is currently 12.90%.

Insider Buying and Selling

In related news, CEO Jack Hightower bought 36,078 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $15.25 per share, with a total value of $550,189.50. Following the purchase, the chief executive officer now owns 4,859,255 shares in the company, valued at approximately $74,103,638.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 203,821 shares of company stock worth $3,154,206 in the last 90 days. 77.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price target on shares of HighPeak Energy from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Monday, July 22nd.

HighPeak Energy Profile

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.