Mackenzie Financial Corp Sells 58,402 Shares of GeoPark Limited (NYSE:GPRK)

Mackenzie Financial Corp trimmed its position in shares of GeoPark Limited (NYSE:GPRK - Free Report) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,080 shares of the oil and gas company's stock after selling 58,402 shares during the quarter. Mackenzie Financial Corp owned approximately 0.55% of GeoPark worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Glenorchy Capital Ltd bought a new stake in GeoPark during the 4th quarter worth approximately $1,669,000. Renaissance Technologies LLC increased its stake in GeoPark by 5.2% during the 4th quarter. Renaissance Technologies LLC now owns 3,176,376 shares of the oil and gas company's stock worth $29,445,000 after purchasing an additional 156,067 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of GeoPark by 55.1% during the fourth 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 in the last quarter. Parvin Asset Management LLC bought a new stake in shares of GeoPark during the fourth quarter worth $714,000. Finally, Arrowstreet Capital Limited Partnership increased its position 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 worth $2,075,000 after acquiring an additional 67,573 shares in the last quarter. 68.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of GeoPark from a "buy" rating to a "hold" rating in a research report on Sunday, April 27th.

GeoPark Stock Performance

Shares of NYSE GPRK traded down $0.13 during mid-day trading on Friday, reaching $6.30. 1,500,926 shares of the company were exchanged, compared to its average volume of 644,237. The company's 50-day simple moving average is $6.79 and its 200-day simple moving average is $8.41. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $322.86 million, a P/E ratio of 3.20 and a beta of 0.76. GeoPark Limited has a twelve month low of $5.66 and a twelve month high of $11.72.

GeoPark (NYSE:GPRK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.12). The company had revenue of $137.30 million for the quarter, compared to analyst estimates of $126.00 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, research analysts predict that GeoPark Limited will post 1.97 earnings per share for the current year.

GeoPark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.147 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.59 annualized dividend and a yield of 9.33%. GeoPark's dividend payout ratio is currently 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.