HighPeak Energy, Inc. (NASDAQ:HPK) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its holdings in HighPeak Energy, Inc. (NASDAQ:HPK) by 26.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 31,350 shares of the company’s stock after selling 11,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in HighPeak Energy were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPK. American Century Companies Inc. raised its stake in shares of HighPeak Energy by 26.8% in the 2nd quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock valued at $7,321,000 after acquiring an additional 110,099 shares during the period. Sanders Morris Harris LLC acquired a new stake in HighPeak Energy in the 3rd quarter valued at $4,506,000. Denali Advisors LLC raised its position in HighPeak Energy by 80.2% in the second quarter. Denali Advisors LLC now owns 319,800 shares of the company’s stock valued at $4,496,000 after purchasing an additional 142,300 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $2,530,000 after purchasing an additional 35,483 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of HighPeak Energy by 5.4% in the third quarter. Empowered Funds LLC now owns 173,888 shares of the company’s stock worth $2,414,000 after buying an additional 8,844 shares during the period. 24.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their target price on HighPeak Energy from $12.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday, November 12th.

HighPeak Energy Trading Up 0.4 %

NASDAQ HPK opened at $15.54 on Monday. The stock has a market cap of $1.97 billion, a P/E ratio of 12.24 and a beta of 0.69. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $14.78. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. HighPeak Energy, Inc. has a 52 week low of $12.20 and a 52 week high of $17.48.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. The firm had revenue of $271.60 million for the quarter, compared to analyst estimates of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm’s revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Equities research analysts predict that HighPeak Energy, Inc. will post 0.65 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, December 2nd. HighPeak Energy’s dividend payout ratio is currently 12.60%.

Insider Buying and Selling at HighPeak Energy

In related news, CEO Jack Hightower purchased 17,743 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average cost of $15.50 per share, with a total value of $275,016.50. Following the completion of the acquisition, the chief executive officer now directly owns 4,805,350 shares of the company’s stock, valued at approximately $74,482,925. The trade was a 0.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 203,821 shares of company stock worth $3,154,206 in the last 90 days. 77.50% of the stock is owned by corporate insiders.

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.