Stokes Family Office LLC Takes $302,000 Position in GeoPark Limited (NYSE:GPRK)

Stokes Family Office LLC purchased a new stake in GeoPark Limited (NYSE:GPRK) during the first quarter, Holdings Channel reports. The firm purchased 31,500 shares of the oil and gas company’s stock, valued at approximately $302,000.

A number of other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its position in shares of GeoPark by 480.0% in the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 4,800 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in GeoPark by 59.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 27,260 shares of the oil and gas company’s stock worth $234,000 after buying an additional 10,125 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in GeoPark by 146.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 27,798 shares of the oil and gas company’s stock worth $238,000 after buying an additional 16,532 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in GeoPark by 18.5% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 116,514 shares of the oil and gas company’s stock worth $999,000 after buying an additional 18,167 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in GeoPark by 19.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,539 shares of the oil and gas company’s stock worth $1,316,000 after buying an additional 24,877 shares during the last quarter. 68.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GPRK shares. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price target on shares of GeoPark in a research report on Friday, April 12th. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $13.17.

GeoPark Stock Performance

Shares of NYSE GPRK traded down $0.16 during midday trading on Friday, reaching $10.71. 179,315 shares of the stock were exchanged, compared to its average volume of 428,879. The firm has a market cap of $592.31 million, a price-to-earnings ratio of 5.25 and a beta of 1.34. GeoPark Limited has a twelve month low of $8.05 and a twelve month high of $11.25. The firm has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $9.52. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 2.47.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, May 15th. The oil and gas company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The firm had revenue of $167.42 million for the quarter, compared to analyst estimates of $192.63 million. GeoPark had a return on equity of 67.81% and a net margin of 15.51%. As a group, analysts anticipate that GeoPark Limited will post 3.23 EPS for the current fiscal year.

GeoPark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.147 per share. This is a boost from GeoPark’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.49%. GeoPark’s dividend payout ratio (DPR) is presently 28.92%.

GeoPark 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.