NBC Securities Inc. Lowers Stock Holdings in GeoPark Limited (NYSE:GPRK)

NBC Securities Inc. lessened its holdings in GeoPark Limited (NYSE:GPRK) by 42.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,409 shares of the oil and gas company’s stock after selling 2,474 shares during the period. NBC Securities Inc.’s holdings in GeoPark were worth $26,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SpiderRock Advisors LLC purchased a new stake in GeoPark during the 1st quarter valued at approximately $474,000. GSA Capital Partners LLP grew its stake in GeoPark by 67.8% during the first quarter. GSA Capital Partners LLP now owns 148,060 shares of the oil and gas company’s stock valued at $1,421,000 after acquiring an additional 59,834 shares in the last quarter. Stokes Family Office LLC bought a new stake in GeoPark in the 1st quarter valued at $302,000. Quadrature Capital Ltd lifted its stake in GeoPark by 40.6% in the 1st quarter. Quadrature Capital Ltd now owns 85,080 shares of the oil and gas company’s stock worth $817,000 after purchasing an additional 24,555 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of GeoPark during the 1st quarter valued at about $192,000. 68.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GPRK has been the topic of several research reports. JPMorgan Chase & Co. lifted 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 raised GeoPark from a “buy” rating to a “strong-buy” rating in a report on Sunday.

GeoPark Stock Performance

Shares of NYSE:GPRK opened at $8.25 on Tuesday. The firm has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $9.45. The company has a quick ratio of 1.10, a current ratio of 1.16 and a debt-to-equity ratio of 2.83. The stock has a market capitalization of $456.46 million, a P/E ratio of 4.04 and a beta of 1.32. GeoPark Limited has a 52 week low of $7.24 and a 52 week 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 for the quarter, missing the consensus estimate of $0.78 by ($0.30). The company had revenue of $190.20 million for the quarter, compared to the consensus estimate of $182.74 million. GeoPark had a return on equity of 60.77% and a net margin of 14.28%. On average, analysts expect that GeoPark Limited will post 3.09 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 7.13%. The ex-dividend date was Thursday, August 29th. GeoPark’s payout ratio is 28.43%.

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.