JPMorgan Chase & Co. Grows Stock Position in HighPeak Energy, Inc. (NASDAQ:HPK)

JPMorgan Chase & Co. boosted its position in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 867.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,121 shares of the company's stock after purchasing an additional 58,387 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of HighPeak Energy worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of HighPeak Energy by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,719 shares of the company's stock valued at $2,701,000 after acquiring an additional 1,445 shares in the last quarter. Blue Trust Inc. raised its stake in shares of HighPeak Energy by 109.8% during the fourth quarter. Blue Trust Inc. now owns 11,914 shares of the company's stock valued at $165,000 after acquiring an additional 6,236 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of HighPeak Energy by 81.2% during the fourth quarter. SG Americas Securities LLC now owns 14,035 shares of the company's stock valued at $206,000 after acquiring an additional 6,291 shares in the last quarter. AlphaQuest LLC raised its stake in shares of HighPeak Energy by 509.9% during the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company's stock valued at $118,000 after acquiring an additional 6,726 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of HighPeak Energy during the fourth quarter valued at approximately $112,000. Institutional investors own 24.13% of the company's stock.

HighPeak Energy Stock Up 5.1 %

Shares of NASDAQ HPK traded up $0.41 during mid-day trading on Thursday, reaching $8.42. 261,244 shares of the company were exchanged, compared to its average volume of 303,067. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 6.57 and a beta of 0.82. HighPeak Energy, Inc. has a 1 year low of $7.82 and a 1 year high of $17.48. The firm has a 50-day moving average of $10.92 and a 200 day moving average of $13.14.

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

HighPeak Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy's dividend payout ratio (DPR) is currently 23.88%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of 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 HighPeak Energy in a report on Monday, April 7th. They set an "underperform" rating and a $10.00 target price for the company.

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.