Vanguard Group Inc. increased its stake in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 850.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,297,335 shares of the company's stock after purchasing an additional 2,055,576 shares during the quarter. Vanguard Group Inc. owned about 1.79% of HighPeak Energy worth $38,779,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in HighPeak Energy by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,945 shares of the company's stock worth $67,000 after acquiring an additional 612 shares during the last quarter. Rhumbline Advisers grew its stake in HighPeak Energy by 9.1% in the 1st quarter. Rhumbline Advisers now owns 9,641 shares of the company's stock worth $222,000 after buying an additional 807 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of HighPeak Energy by 36.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,541 shares of the company's stock worth $39,000 after buying an additional 944 shares during the last quarter. Solstein Capital LLC raised its position in shares of HighPeak Energy by 20.0% during the 3rd quarter. Solstein Capital LLC now owns 6,000 shares of the company's stock valued at $101,000 after buying an additional 1,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in HighPeak Energy by 10.0% in the third quarter. Commonwealth Equity Services LLC now owns 13,102 shares of the company's stock worth $221,000 after acquiring an additional 1,195 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors.
HighPeak Energy Trading Down 0.7 %
HPK stock traded down $0.11 on Thursday, reaching $15.26. The company's stock had a trading volume of 175,586 shares, compared to its average volume of 361,563. The business has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.44. HighPeak Energy, Inc. has a 12-month low of $10.44 and a 12-month high of $24.33. The firm has a market cap of $1.96 billion, a PE ratio of 9.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14.
HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.09. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. The company had revenue of $301.15 million during the quarter, compared to the consensus estimate of $329.85 million. As a group, research analysts forecast that HighPeak Energy, Inc. will post 1.53 EPS for the current year.
HighPeak Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were paid a dividend of $0.04 per share. This is a positive change from HighPeak Energy's previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, February 29th. HighPeak Energy's dividend payout ratio (DPR) is currently 10.13%.
Wall Street Analyst Weigh In
Separately, Truist Financial lowered their price objective on shares of HighPeak Energy from $11.00 to $10.00 and set a "sell" rating for the company in a report on Friday, April 5th.
Read Our Latest Report on HighPeak Energy
About HighPeak Energy
(
Free Report)
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.
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