Blue Trust Inc. Raises Stock Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Blue Trust Inc. raised its position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 101.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,678 shares of the company’s stock after purchasing an additional 2,854 shares during the quarter. Blue Trust Inc.’s holdings in HighPeak Energy were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP lifted its stake in HighPeak Energy by 29.7% during the 1st quarter. GSA Capital Partners LLP now owns 127,460 shares of the company’s stock valued at $2,010,000 after acquiring an additional 29,177 shares during the period. Empowered Funds LLC boosted its holdings in HighPeak Energy by 49.6% in the first quarter. Empowered Funds LLC now owns 153,164 shares of the company’s stock valued at $2,415,000 after purchasing an additional 50,812 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in HighPeak Energy during the 1st quarter worth about $287,000. EverSource Wealth Advisors LLC purchased a new position in shares of HighPeak Energy during the 1st quarter valued at about $44,000. Finally, Solstein Capital LLC lifted its holdings in shares of HighPeak Energy by 33.3% in the 2nd quarter. Solstein Capital LLC now owns 8,000 shares of the company’s stock valued at $112,000 after buying an additional 2,000 shares during the period. 24.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their target price on HighPeak Energy from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Monday, September 30th.

Insiders Place Their Bets

In related news, CEO Jack Hightower purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $15.50 per share, with a total value of $775,000.00. Following the purchase, the chief executive officer now owns 4,722,863 shares of the company’s stock, valued at $73,204,376.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 203,821 shares of company stock worth $3,154,206. 77.50% of the stock is owned by corporate insiders.

HighPeak Energy Price Performance

NASDAQ:HPK opened at $13.12 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.93 and a quick ratio of 0.90. The company has a 50 day moving average price of $14.62 and a 200-day moving average price of $14.85. HighPeak Energy, Inc. has a 1-year low of $12.20 and a 1-year high of $18.22. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 10.93 and a beta of 0.68.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings results on Monday, August 5th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.22). The firm had revenue of $275.30 million for the quarter, compared to analyst estimates of $282.56 million. HighPeak Energy had a net margin of 14.05% and a return on equity of 15.99%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts forecast that HighPeak Energy, Inc. will post 0.91 EPS for the current year.

HighPeak Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 3rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 1.22%. HighPeak Energy’s payout ratio is 13.33%.

About HighPeak Energy

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.