Principal Financial Group Inc. Lowers Position in GeoPark Limited (NYSE:GPRK)

Principal Financial Group Inc. cut its holdings in GeoPark Limited (NYSE:GPRK) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 345,920 shares of the oil and gas company’s stock after selling 20,460 shares during the quarter. Principal Financial Group Inc. owned approximately 0.68% of GeoPark worth $3,207,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP raised its position in shares of GeoPark by 61.7% in the 3rd quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock valued at $1,701,000 after purchasing an additional 82,459 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in GeoPark in the 3rd quarter valued at $294,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in GeoPark in the 3rd quarter valued at $2,834,000. Y Intercept Hong Kong Ltd raised its holdings in shares of GeoPark by 67.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 79,674 shares of the oil and gas company’s stock worth $627,000 after acquiring an additional 32,131 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of GeoPark during the 3rd quarter worth $44,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 28th.

GeoPark Stock Performance

Shares of GeoPark stock opened at $7.54 on Wednesday. GeoPark Limited has a one year low of $7.24 and a one year high of $11.72. The company has a market cap of $385.51 million, a PE ratio of 3.82 and a beta of 1.34. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The business has a 50-day simple moving average of $9.45 and a 200-day simple moving average of $8.96.

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.