American Century Companies Inc. Buys 71,802 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

American Century Companies Inc. increased its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 714,060 shares of the company’s stock after acquiring an additional 71,802 shares during the quarter. American Century Companies Inc. owned about 0.56% of HighPeak Energy worth $10,497,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of HighPeak Energy by 17.3% in the 3rd quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after acquiring an additional 82,988 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HighPeak Energy by 24.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock valued at $2,530,000 after buying an additional 35,483 shares during the last quarter. Rhumbline Advisers grew its position in HighPeak Energy by 151.8% during the 4th quarter. Rhumbline Advisers now owns 52,352 shares of the company’s stock worth $770,000 after acquiring an additional 31,558 shares during the last quarter. State Street Corp grew its holdings in shares of HighPeak Energy by 135.1% in the third quarter. State Street Corp now owns 707,425 shares of the company’s stock worth $9,819,000 after purchasing an additional 406,536 shares during the last quarter. Finally, Barclays PLC grew its holdings in HighPeak Energy by 346.6% in the 3rd quarter. Barclays PLC now owns 24,911 shares of the company’s stock worth $346,000 after acquiring an additional 19,333 shares during the last quarter. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

HighPeak Energy Stock Up 1.0 %

NASDAQ:HPK opened at $12.97 on Thursday. HighPeak Energy, Inc. has a 1-year low of $10.66 and a 1-year high of $17.48. The firm’s 50-day moving average price is $13.11 and its 200-day moving average price is $14.00. The company has a market capitalization of $1.64 billion, a PE ratio of 10.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93.

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

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, March 3rd. HighPeak Energy’s dividend payout ratio (DPR) is 23.88%.

HighPeak Energy 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.