Bank of America Corp DE Trims Position in Geopark Ltd (NYSE:GPRK)

Bank of America Corp DE lessened its position in Geopark Ltd (NYSE:GPRK - Free Report) by 87.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,139 shares of the oil and gas company's stock after selling 236,876 shares during the quarter. Bank of America Corp DE owned 0.07% of Geopark worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Geopark by 5.2% in the 4th quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company's stock valued at $29,445,000 after purchasing an additional 156,067 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Geopark by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 339,337 shares of the oil and gas company's stock valued at $3,146,000 after buying an additional 120,518 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Geopark by 43.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 223,867 shares of the oil and gas company's stock valued at $2,075,000 after buying an additional 67,573 shares during the last quarter. Armstrong Fleming & Moore Inc grew its stake in shares of Geopark by 3.3% during the fourth quarter. Armstrong Fleming & Moore Inc now owns 193,875 shares of the oil and gas company's stock valued at $1,797,000 after buying an additional 6,149 shares during the last quarter. Finally, Invesco Ltd. increased 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 buying an additional 9,199 shares during the period. Hedge funds and other institutional investors own 68.21% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Geopark from a "buy" rating to a "hold" rating in a report on Sunday, April 27th.

Geopark Trading Up 1.2%

Shares of Geopark stock traded up $0.09 on Tuesday, hitting $7.71. The stock had a trading volume of 599,376 shares, compared to its average volume of 666,358. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 3.03. Geopark Ltd has a one year low of $5.66 and a one year high of $11.72. The stock's 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $8.29. The stock has a market cap of $395.14 million, a price-to-earnings ratio of 5.11 and a beta of 0.76.

Geopark (NYSE:GPRK - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $126.00 million. Geopark had a net margin of 12.56% and a return on equity of 42.96%. As a group, sell-side analysts predict that Geopark Ltd will post 1.97 EPS for the current year.

Geopark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 7.63%. Geopark's dividend payout ratio is currently 39.07%.

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.