Quadrature Capital Ltd Sells 59,973 Shares of GeoPark Limited (NYSE:GPRK)

Quadrature Capital Ltd lowered its holdings in shares of GeoPark Limited (NYSE:GPRK) by 84.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,139 shares of the oil and gas company’s stock after selling 59,973 shares during the quarter. Quadrature Capital Ltd’s holdings in GeoPark were worth $88,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Liontrust Investment Partners LLP bought a new position in GeoPark during the second quarter valued at approximately $460,000. Principal Financial Group Inc. purchased a new position in shares of GeoPark during the 2nd quarter worth about $2,261,000. Commonwealth Equity Services LLC purchased a new position in shares of GeoPark during the second quarter valued at approximately $244,000. nVerses Capital LLC bought a new position in GeoPark in the 2nd quarter valued at $35,000. Finally, Acadian Asset Management LLC increased its stake in GeoPark by 3,251.7% in the 2nd quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock worth $4,139,000 after buying an additional 368,161 shares during the period. Institutional investors own 68.21% of the company’s stock.

GeoPark Stock Down 1.8 %

GPRK stock opened at $10.92 on Friday. GeoPark Limited has a 52 week low of $7.24 and a 52 week high of $11.72. The firm has a 50-day simple moving average of $8.79 and a 200-day simple moving average of $9.25. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $558.44 million, a P/E ratio of 5.54 and a beta of 1.37.

GeoPark (NYSE:GPRK) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.11). The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. Equities analysts forecast that GeoPark Limited will post 2.56 earnings per share for the current fiscal year.

GeoPark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a dividend of $0.147 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.59 annualized dividend and a yield of 5.39%. GeoPark’s payout ratio is 29.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GPRK shares. StockNews.com lowered GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th.

About GeoPark

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.