Banco BTG Pactual S.A. Raises Holdings in Geopark Ltd $GPRK

Key Points

• Banco BTG Pactual S.A. increased its holdings in Geopark Ltd by 326.7% in Q1, owning 64,000 shares valued at approximately $517,000.
• Geopark recently reported $0.27 earnings per share for the quarter, exceeding analysts' expectations of $0.15, with a revenue of $119.80 million.
• The company announced a quarterly dividend of $0.147 per share, yielding 9.6%, with a payout ratio of 71.08%.

Banco BTG Pactual S.A. increased its position in Geopark Ltd (NYSE:GPRK - Free Report) by 326.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,000 shares of the oil and gas company's stock after acquiring an additional 49,000 shares during the period. Banco BTG Pactual S.A. owned approximately 0.12% of Geopark worth $517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Geopark by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 359,919 shares of the oil and gas company's stock worth $2,908,000 after acquiring an additional 13,999 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Geopark by 55.1% in the 4th quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company's stock worth $3,146,000 after acquiring an additional 120,518 shares during the period. Glenorchy Capital Ltd acquired a new stake in shares of Geopark in the 4th quarter worth approximately $1,669,000. Annex Advisory Services LLC grew its holdings in shares of Geopark by 7.9% in the 1st quarter. Annex Advisory Services LLC now owns 174,331 shares of the oil and gas company's stock worth $1,409,000 after acquiring an additional 12,711 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Geopark by 7.9% in the 4th quarter. Invesco Ltd. now owns 126,197 shares of the oil and gas company's stock worth $1,170,000 after acquiring an additional 9,199 shares during the period. Institutional investors and hedge funds own 68.21% of the company's stock.

Geopark Price Performance

GPRK stock traded down $0.1220 on Monday, reaching $6.4980. The company had a trading volume of 144,458 shares, compared to its average volume of 840,723. Geopark Ltd has a 1 year low of $5.66 and a 1 year high of $11.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 2.42 and a current ratio of 2.47. The company's fifty day moving average is $6.81 and its 200 day moving average is $7.18. The company has a market cap of $333.00 million, a P/E ratio of 7.84 and a beta of 0.77.

Geopark (NYSE:GPRK - Get Free Report) last posted its earnings results 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. Geopark had a return on equity of 35.65% and a net margin of 7.70%.The firm had revenue of $119.80 million for the quarter, compared to analyst estimates of $123.00 million. On average, research analysts forecast that Geopark Ltd will post 1.97 earnings per share for the current year.

Geopark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Geopark's dividend payout ratio is currently 69.88%.

Analyst Ratings Changes

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

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.