GeoPark Limited (NYSE:GPRK) Stake Decreased by Sagil Capital LLP

Sagil Capital LLP reduced its holdings in GeoPark Limited (NYSE:GPRK) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,804 shares of the oil and gas company’s stock after selling 9,324 shares during the period. GeoPark makes up 4.7% of Sagil Capital LLP’s holdings, making the stock its 7th biggest position. Sagil Capital LLP owned 0.70% of GeoPark worth $4,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPRK. Dodge & Cox increased its position in GeoPark by 45.0% during the first quarter. Dodge & Cox now owns 32,614 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 10,114 shares during the last quarter. Aristides Capital LLC acquired a new stake in GeoPark during the first quarter worth about $191,000. BlackRock Inc. increased its position in GeoPark by 209.9% during the first quarter. BlackRock Inc. now owns 66,658 shares of the oil and gas company’s stock worth $757,000 after purchasing an additional 45,150 shares during the last quarter. Bank of America Corp DE increased its position in GeoPark by 18,034.3% during the first quarter. Bank of America Corp DE now owns 6,347 shares of the oil and gas company’s stock worth $72,000 after purchasing an additional 6,312 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in GeoPark during the first quarter worth about $675,000. 52.79% of the stock is owned by hedge funds and other institutional investors.

GeoPark Price Performance

Shares of GPRK opened at $9.19 on Friday. GeoPark Limited has a 1-year low of $8.83 and a 1-year high of $16.38. The stock has a market cap of $529.53 million, a PE ratio of 2.89 and a beta of 1.53. The firm has a 50-day simple moving average of $9.68 and a two-hundred day simple moving average of $10.49. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.08 and a quick ratio of 0.98.

GeoPark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The firm had revenue of $182.33 million during the quarter, compared to analysts’ expectations of $180.15 million. GeoPark had a net margin of 21.73% and a return on equity of 165.27%. As a group, analysts forecast that GeoPark Limited will post 2.84 EPS for the current year.

GeoPark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were issued a $0.132 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.75%. This is a boost from GeoPark’s previous quarterly dividend of $0.13. GeoPark’s payout ratio is 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GPRK shares. Canaccord Genuity Group restated a “buy” rating and set a $15.50 price objective on shares of GeoPark in a research report on Monday, August 14th. StockNews.com started coverage on shares of GeoPark in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, TheStreet cut shares of GeoPark from a “b-” rating to a “c” rating in a research report on Monday, July 17th.

About GeoPark

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.