Quantbot Technologies LP Cuts Stake in GeoPark Limited (NYSE:GPRK)

Quantbot Technologies LP lessened its holdings in GeoPark Limited (NYSE:GPRK) by 58.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,089 shares of the oil and gas company’s stock after selling 5,646 shares during the quarter. Quantbot Technologies LP’s holdings in GeoPark were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Employees Retirement System of Texas purchased a new stake in shares of GeoPark during the second quarter valued at approximately $34,000. nVerses Capital LLC purchased a new stake in GeoPark during the 2nd quarter valued at $35,000. Blue Trust Inc. bought a new stake in GeoPark in the 3rd quarter worth $38,000. Commonwealth Equity Services LLC purchased a new position in shares of GeoPark in the second quarter valued at about $244,000. Finally, Aristides Capital LLC purchased a new position in shares of GeoPark in the second quarter valued at about $286,000. 68.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GPRK. JPMorgan Chase & Co. cut their target price on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com upgraded GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

GeoPark Trading Down 2.3 %

NYSE:GPRK opened at $10.85 on Friday. The company has a 50-day moving average price of $8.57 and a 200-day moving average price of $9.22. The stock has a market cap of $555.09 million, a price-to-earnings ratio of 5.51 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 $11.72.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The company had revenue of $159.50 million during the quarter, compared to analysts’ expectations of $156.99 million. Equities analysts predict that GeoPark Limited will post 2.56 EPS for the current year.

GeoPark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a $0.147 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.59 annualized dividend and a yield of 5.42%. 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.