JPMorgan Chase & Co. Sells 273,449 Shares of GeoPark Limited (NYSE:GPRK)

JPMorgan Chase & Co. trimmed its position in shares of GeoPark Limited (NYSE:GPRK) by 55.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,819 shares of the oil and gas company’s stock after selling 273,449 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of GeoPark worth $1,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Employees Retirement System of Texas acquired a new stake in GeoPark during the second quarter valued at approximately $34,000. Blue Trust Inc. acquired a new stake in GeoPark during the third quarter valued at approximately $38,000. Public Employees Retirement System of Ohio acquired a new stake in GeoPark during the third quarter valued at approximately $44,000. Barclays PLC boosted its holdings in shares of GeoPark by 392.3% in the 3rd quarter. Barclays PLC now owns 8,974 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 7,151 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new position in shares of GeoPark in the 3rd quarter worth approximately $148,000. 68.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on GPRK shares. JPMorgan Chase & Co. reduced their target price on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. StockNews.com downgraded GeoPark from a “strong-buy” rating to a “buy” rating in a report on Friday, January 17th.

GeoPark Price Performance

GPRK opened at $9.68 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.28 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. The company has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $9.14. The stock has a market cap of $495.28 million, a P/E ratio of 4.91 and a beta of 1.35.

GeoPark (NYSE:GPRK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The firm had revenue of $159.50 million during the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. On average, research analysts expect that GeoPark Limited will post 2.12 EPS for the current year.

GeoPark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were issued a $0.147 dividend. This represents a $0.59 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend was Thursday, November 21st. GeoPark’s payout ratio is 29.95%.

About GeoPark

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.