Aberdeen Group plc Sells 113,049 Shares of Geopark Ltd $GPRK

Key Points

• Aberdeen Group plc reduced its holdings in Geopark Ltd by 18.4% in Q1, selling 113,049 shares and now owning 500,641 shares valued at approximately $3.97 million.
• Investment analysts have lowered Geopark's rating from "hold" to "sell," although the consensus rating remains a "Buy" with a target price of $11.00.
• Geopark recently declared a quarterly dividend of $0.147, resulting in an annualized yield of 9.3%, with a payout ratio of 71.08%.

Aberdeen Group plc lowered its holdings in shares of Geopark Ltd (NYSE:GPRK - Free Report) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500,641 shares of the oil and gas company's stock after selling 113,049 shares during the quarter. Aberdeen Group plc owned 0.98% of Geopark worth $3,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. grew its holdings in shares of Geopark by 7.9% in the fourth quarter. Invesco Ltd. now owns 126,197 shares of the oil and gas company's stock worth $1,170,000 after purchasing an additional 9,199 shares during the last quarter. XTX Topco Ltd purchased a new stake in Geopark in the 4th quarter valued at about $243,000. Virtus ETF Advisers LLC boosted its position in Geopark by 53.9% in the 4th quarter. Virtus ETF Advisers LLC now owns 23,393 shares of the oil and gas company's stock valued at $217,000 after buying an additional 8,188 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Geopark in the 4th quarter worth about $370,000. Finally, Northern Trust Corp purchased a new position in shares of Geopark during the fourth quarter worth approximately $145,000. Hedge funds and other institutional investors own 68.21% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Geopark from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $11.00.

Geopark Trading Up 3.1%

NYSE:GPRK opened at $6.3290 on Thursday. The firm has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $7.24. Geopark Ltd has a one year low of $5.66 and a one year high of $11.72. The firm has a market cap of $324.36 million, a P/E ratio of 7.63 and a beta of 0.77. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47.

Geopark (NYSE:GPRK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The firm had revenue of $119.80 million for the quarter, compared to the consensus estimate of $123.00 million. Geopark had a net margin of 7.70% and a return on equity of 35.65%. Equities analysts anticipate that Geopark Ltd will post 1.97 EPS for the current fiscal year.

Geopark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be given a $0.147 dividend. This represents a $0.59 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Tuesday, August 19th. Geopark's payout ratio is presently 71.08%.

Geopark Company Profile

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.

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