Cubist Systematic Strategies LLC Makes New Investment in GeoPark Limited (NYSE:GPRK)

Cubist Systematic Strategies LLC bought a new stake in GeoPark Limited (NYSE:GPRK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,205 shares of the oil and gas company's stock, valued at approximately $475,000. Cubist Systematic Strategies LLC owned about 0.10% of GeoPark as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Investment Counsel Co. of Nevada purchased a new position in GeoPark during the fourth quarter worth $48,000. R Squared Ltd purchased a new stake in shares of GeoPark in the fourth quarter valued at $50,000. Blue Trust Inc. grew its position in shares of GeoPark by 25.6% in the fourth quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 1,252 shares during the period. Barclays PLC grew its position in shares of GeoPark by 392.3% in the third quarter. Barclays PLC now owns 8,974 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 7,151 shares during the period. Finally, Puff Wealth Management LLC purchased a new stake in shares of GeoPark in the fourth quarter valued at $121,000. Hedge funds and other institutional investors own 68.21% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut GeoPark from a "buy" rating to a "hold" rating in a report on Sunday, April 27th.

GeoPark Stock Up 3.6%

Shares of GPRK traded up $0.24 during midday trading on Tuesday, reaching $6.93. 994,864 shares of the company were exchanged, compared to its average volume of 607,494. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 2.53. GeoPark Limited has a 1-year low of $5.66 and a 1-year high of $11.72. The stock has a 50-day moving average price of $7.03 and a 200-day moving average price of $8.51. The company has a market cap of $355.14 million, a price-to-earnings ratio of 3.52 and a beta of 0.76.

GeoPark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.12). The firm had revenue of $137.30 million during the quarter, compared to the consensus estimate of $126.00 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. Research analysts expect that GeoPark Limited will post 1.97 earnings per share for the current year.

GeoPark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a dividend yield of 8.48%. The ex-dividend date is Thursday, May 22nd. GeoPark's dividend payout ratio (DPR) is presently 38.41%.

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.