HighPeak Energy, Inc. (NASDAQ:HPK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,221 shares of the company’s stock after selling 3,339 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HighPeak Energy were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HPK. Sanders Morris Harris LLC acquired a new stake in HighPeak Energy during the third quarter worth approximately $4,506,000. Denali Advisors LLC lifted its stake in shares of HighPeak Energy by 80.2% during the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock worth $4,496,000 after purchasing an additional 142,300 shares during the period. Interval Partners LP purchased a new position in shares of HighPeak Energy during the 2nd quarter worth $1,684,000. American Century Companies Inc. boosted its holdings in shares of HighPeak Energy by 26.8% during the second quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock worth $7,321,000 after purchasing an additional 110,099 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of HighPeak Energy by 197.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 54,141 shares of the company’s stock valued at $761,000 after purchasing an additional 35,937 shares during the period. Hedge funds and other institutional investors own 24.13% of the company’s stock.

HighPeak Energy Price Performance

HighPeak Energy stock opened at $14.05 on Friday. HighPeak Energy, Inc. has a 1 year low of $12.47 and a 1 year high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The firm has a 50 day moving average price of $14.25 and a 200 day moving average price of $14.72. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 11.06 and a beta of 0.73.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.12. The company had revenue of $271.60 million during the quarter, compared to analysts’ expectations of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Sell-side analysts predict that HighPeak Energy, Inc. will post 0.77 earnings per share for the current year.

HighPeak Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 1.14%. HighPeak Energy’s dividend payout ratio is presently 12.60%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their target price on HighPeak Energy from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th.

HighPeak Energy Company 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.