Squarepoint Ops LLC Reduces Stock Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Squarepoint Ops LLC cut its stake in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,219 shares of the company's stock after selling 48,031 shares during the period. Squarepoint Ops LLC's holdings in HighPeak Energy were worth $812,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HPK. Rhumbline Advisers raised its position in shares of HighPeak Energy by 151.8% in the 4th quarter. Rhumbline Advisers now owns 52,352 shares of the company's stock valued at $770,000 after purchasing an additional 31,558 shares during the last quarter. Bank of New York Mellon Corp raised its position in HighPeak Energy by 54.3% during the 4th quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company's stock worth $6,869,000 after buying an additional 164,398 shares during the last quarter. Blue Trust Inc. raised its position in HighPeak Energy by 109.8% during the 4th quarter. Blue Trust Inc. now owns 11,914 shares of the company's stock worth $165,000 after buying an additional 6,236 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in HighPeak Energy during the 4th quarter worth approximately $463,000. Finally, American Century Companies Inc. raised its position in HighPeak Energy by 11.2% during the 4th quarter. American Century Companies Inc. now owns 714,060 shares of the company's stock worth $10,497,000 after buying an additional 71,802 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of HighPeak Energy from $15.00 to $13.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. Bank of America assumed coverage on shares of HighPeak Energy in a research note on Monday, April 7th. They issued an "underperform" rating and a $10.00 price target on the stock.

HighPeak Energy Price Performance

HPK traded down $0.29 on Thursday, hitting $10.56. 253,599 shares of the company's stock were exchanged, compared to its average volume of 304,885. HighPeak Energy, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $9.48 and a 200-day moving average price of $12.35. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 8.32 and a beta of 1.06.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The business had revenue of $257.45 million for the quarter, compared to analyst estimates of $255.33 million. During the same quarter in the previous year, the firm earned $0.37 EPS. The company's quarterly revenue was down 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Monday, June 2nd will be issued a $0.04 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.16 annualized dividend and a yield of 1.52%. HighPeak Energy's dividend payout ratio (DPR) is currently 18.18%.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.