Stokes Family Office LLC Sells 2,855 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Stokes Family Office LLC reduced its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,550 shares of the company’s stock after selling 2,855 shares during the quarter. Stokes Family Office LLC’s holdings in HighPeak Energy were worth $214,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in HighPeak Energy by 135.1% in the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after buying an additional 406,536 shares during the period. Geode Capital Management LLC boosted its stake in shares of HighPeak Energy by 17.3% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HighPeak Energy by 54.3% in 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. Denali Advisors LLC boosted its stake in shares of HighPeak Energy by 9.5% in the 4th quarter. Denali Advisors LLC now owns 457,829 shares of the company’s stock valued at $6,730,000 after purchasing an additional 39,783 shares in the last quarter. Finally, Sanders Morris Harris LLC boosted its stake in shares of HighPeak Energy by 11.4% in the 4th quarter. Sanders Morris Harris LLC now owns 361,646 shares of the company’s stock valued at $5,253,000 after purchasing an additional 37,000 shares in the last quarter. 24.13% of the stock is owned by institutional investors.

HighPeak Energy Trading Up 2.9 %

HPK opened at $12.43 on Thursday. The company’s 50 day moving average is $13.49 and its 200-day moving average is $14.11. HighPeak Energy, Inc. has a 1-year low of $10.66 and a 1-year 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 company has a market cap of $1.57 billion, a P/E ratio of 9.79 and a beta of 0.76.

HighPeak Energy (NASDAQ:HPK) last posted 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). HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The business had revenue of $234.81 million for the quarter, compared to analyst estimates of $247.32 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s quarterly revenue was down 22.0% on a year-over-year basis. Equities research analysts predict that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 annualized dividend and a yield of 1.29%. HighPeak Energy’s dividend payout ratio is presently 23.88%.

Analyst Ratings Changes

Separately, Truist Financial reduced 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.

HighPeak Energy 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.