Millennium Management LLC Has $9.07 Million Stake in GeoPark Limited (NYSE:GPRK)

Millennium Management LLC reduced its stake in shares of GeoPark Limited (NYSE:GPRK) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 828,656 shares of the oil and gas company’s stock after selling 10,570 shares during the quarter. Millennium Management LLC owned 1.50% of GeoPark worth $9,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Employees Retirement System of Texas acquired a new stake in shares of GeoPark during the 2nd quarter worth about $34,000. Renaissance Technologies LLC grew its stake in GeoPark by 1.9% during the second quarter. Renaissance Technologies LLC now owns 3,246,617 shares of the oil and gas company’s stock worth $35,550,000 after buying an additional 61,454 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of GeoPark by 3,251.7% during the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 368,161 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of GeoPark during the second quarter worth approximately $35,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of GeoPark in the second quarter valued at approximately $244,000. 68.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GPRK shares. JPMorgan Chase & Co. increased their target price on GeoPark from $11.50 to $12.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 4th.

GeoPark Price Performance

GeoPark stock opened at $8.21 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 2.83. The firm has a market capitalization of $454.24 million, a P/E ratio of 4.02 and a beta of 1.32. The business has a 50-day moving average of $8.53 and a 200-day moving average of $9.54. GeoPark Limited has a 1 year low of $7.24 and a 1 year high of $11.25.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The firm had revenue of $190.20 million for the quarter, compared to analyst estimates of $182.74 million. GeoPark had a net margin of 14.28% and a return on equity of 60.77%. On average, equities analysts anticipate that GeoPark Limited will post 3.18 EPS for the current year.

GeoPark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a dividend of $0.147 per share. The ex-dividend date was Thursday, August 29th. This represents a $0.59 annualized dividend and a yield of 7.16%. GeoPark’s dividend payout ratio is presently 28.43%.

GeoPark Company Profile

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.