Millennium Management LLC Has $2.30 Million Holdings in GeoPark Limited (NYSE:GPRK)

Millennium Management LLC decreased its stake in shares of GeoPark Limited (NYSE:GPRK - Free Report) by 64.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247,633 shares of the oil and gas company's stock after selling 447,489 shares during the quarter. Millennium Management LLC owned about 0.48% of GeoPark worth $2,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenorchy Capital Ltd acquired a new stake in GeoPark in the fourth quarter valued at $1,669,000. Graham Capital Management L.P. raised its holdings in shares of GeoPark by 120.2% in the 4th quarter. Graham Capital Management L.P. now owns 45,120 shares of the oil and gas company's stock valued at $418,000 after purchasing an additional 24,631 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in GeoPark in the 4th quarter valued at about $475,000. Parvin Asset Management LLC bought a new position in GeoPark during the fourth quarter worth about $714,000. Finally, Northern Trust Corp bought a new position in GeoPark during the fourth quarter worth about $145,000. Institutional investors own 68.21% of the company's stock.

Analyst Upgrades and Downgrades

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

GeoPark Stock Performance

Shares of GPRK traded up $0.54 during trading hours on Tuesday, hitting $7.15. The company had a trading volume of 1,931,698 shares, compared to its average volume of 652,188. The business has a fifty day moving average of $6.76 and a 200-day moving average of $8.40. 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 firm has a market cap of $366.42 million, a price-to-earnings ratio of 3.63 and a beta of 0.76. GeoPark Limited has a 12 month low of $5.66 and a 12 month high of $11.72.

GeoPark (NYSE:GPRK - Get Free Report) last released 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 company 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%. Equities analysts anticipate that GeoPark Limited will post 1.97 EPS for the current fiscal year.

GeoPark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.147 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.22%. GeoPark's dividend payout ratio (DPR) 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.