Charles Schwab Investment Management Inc. Purchases 1,445 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Charles Schwab Investment Management Inc. lifted its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 183,719 shares of the company’s stock after buying an additional 1,445 shares during the period. Charles Schwab Investment Management Inc. owned about 0.15% of HighPeak Energy worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock worth $111,000 after buying an additional 7,091 shares during the last quarter. Blue Trust Inc. grew its stake in shares of HighPeak Energy by 109.8% in the fourth quarter. Blue Trust Inc. now owns 11,914 shares of the company’s stock worth $165,000 after acquiring an additional 6,236 shares during the period. SG Americas Securities LLC raised its holdings in shares of HighPeak Energy by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 14,035 shares of the company’s stock valued at $206,000 after purchasing an additional 6,291 shares during the last quarter. Barclays PLC lifted its position in HighPeak Energy by 346.6% during the third quarter. Barclays PLC now owns 24,911 shares of the company’s stock valued at $346,000 after purchasing an additional 19,333 shares during the period. Finally, Rhumbline Advisers boosted its holdings in HighPeak Energy by 151.8% in the fourth quarter. Rhumbline Advisers now owns 52,352 shares of the company’s stock worth $770,000 after purchasing an additional 31,558 shares during the last quarter. Hedge funds and other institutional investors own 24.13% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lowered their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 13th.

HighPeak Energy Stock Performance

Shares of NASDAQ HPK opened at $12.74 on Friday. HighPeak Energy, Inc. has a 12-month low of $10.66 and a 12-month high of $17.48. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 10.03 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $13.26 and a 200 day moving average of $14.03.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). The company had revenue of $234.81 million during the quarter, compared to analysts’ expectations of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The company’s revenue for the quarter was down 22.0% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. On average, research analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.26%. HighPeak Energy’s payout ratio is currently 23.88%.

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.