HighPeak Energy, Inc. (NASDAQ:HPK) President Michael L. Hollis Acquires 42,202 Shares

HighPeak Energy, Inc. (NASDAQ:HPKGet Rating) President Michael L. Hollis bought 42,202 shares of the business’s stock in a transaction on Monday, November 21st. The stock was bought at an average price of $21.95 per share, for a total transaction of $926,333.90. Following the transaction, the president now directly owns 292,089 shares of the company’s stock, valued at $6,411,353.55. The acquisition was disclosed in a filing with the SEC, which is available at this link.

HighPeak Energy Price Performance

Shares of NASDAQ HPK opened at $22.78 on Thursday. HighPeak Energy, Inc. has a twelve month low of $13.06 and a twelve month high of $38.21. The firm has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $25.13. The company has a market capitalization of $2.49 billion, a PE ratio of 13.64 and a beta of 0.70. The company has a quick ratio of 0.54, a current ratio of 0.57 and a debt-to-equity ratio of 0.51.

HighPeak Energy (NASDAQ:HPKGet Rating) last released its quarterly earnings results on Monday, November 14th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. HighPeak Energy had a net margin of 34.53% and a return on equity of 33.37%. The business had revenue of $204.11 million for the quarter, compared to analysts’ expectations of $217.65 million. On average, sell-side analysts forecast that HighPeak Energy, Inc. will post 2.8 EPS for the current year.

HighPeak Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 1st were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, October 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. HighPeak Energy’s dividend payout ratio (DPR) is 5.99%.

Institutional Investors Weigh In On HighPeak Energy

A number of institutional investors have recently made changes to their positions in HPK. Strs Ohio raised its holdings in HighPeak Energy by 5.7% during the 2nd quarter. Strs Ohio now owns 14,800 shares of the company’s stock valued at $379,000 after buying an additional 800 shares during the last quarter. Sawtooth Solutions LLC bought a new position in HighPeak Energy in the 2nd quarter worth $225,000. CWM LLC bought a new position in HighPeak Energy in the 2nd quarter worth $277,000. New York State Common Retirement Fund raised its holdings in HighPeak Energy by 869.4% in the 1st quarter. New York State Common Retirement Fund now owns 4,246 shares of the company’s stock worth $94,000 after purchasing an additional 3,808 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in HighPeak Energy in the 1st quarter worth $80,000. Hedge funds and other institutional investors own 13.69% of the company’s stock.

HighPeak Energy Company Profile

(Get Rating)

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. As of December 31, 2021, the company had approximately 64,213 MBoe of proved reserves.

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Insider Buying and Selling by Quarter for HighPeak Energy (NASDAQ:HPK)

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