HighPeak Energy, Inc. (NASDAQ:HPK) Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 867.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 65,121 shares of the company's stock after buying an additional 58,387 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of HighPeak Energy worth $957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPK. Vanguard Group Inc. lifted its position in HighPeak Energy by 6.7% during the 4th quarter. Vanguard Group Inc. now owns 2,158,851 shares of the company's stock worth $31,735,000 after acquiring an additional 135,792 shares in the last quarter. American Century Companies Inc. lifted its position in shares of HighPeak Energy by 11.2% during the fourth quarter. American Century Companies Inc. now owns 714,060 shares of the company's stock worth $10,497,000 after purchasing an additional 71,802 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HighPeak Energy by 17.3% in the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company's stock valued at $7,827,000 after purchasing an additional 82,988 shares during the period. Bank of New York Mellon Corp grew its holdings 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 valued at $6,869,000 after purchasing an additional 164,398 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in HighPeak Energy by 9.5% during the 4th quarter. Denali Advisors LLC now owns 457,829 shares of the company's stock worth $6,730,000 after buying an additional 39,783 shares during the period. 24.13% of the stock is owned by institutional investors and hedge funds.

HighPeak Energy Price Performance

Shares of HPK stock traded down $0.06 during midday trading on Friday, reaching $8.30. 70,976 shares of the company were exchanged, compared to its average volume of 303,278. The company's 50 day moving average price is $10.82 and its two-hundred day moving average price is $13.10. The company has a market cap of $1.05 billion, a P/E ratio of 6.56 and a beta of 0.82. HighPeak Energy, Inc. has a 12 month low of $7.82 and a 12 month high of $17.48. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $234.81 million for the quarter, compared to the consensus estimate of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. HighPeak Energy's revenue for the quarter was down 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. On average, sell-side analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

HighPeak Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.93%. HighPeak Energy's dividend payout ratio (DPR) is 23.88%.

Analyst Ratings Changes

Several analysts have recently weighed in on HPK shares. Truist Financial lowered their target price on HighPeak Energy from $15.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, March 13th. Bank of America assumed coverage on shares of HighPeak Energy in a report on Monday, April 7th. They set an "underperform" rating and a $10.00 target price on the stock.

HighPeak Energy Company Profile

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.