SG Americas Securities LLC Acquires 6,291 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

SG Americas Securities LLC lifted its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 81.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,035 shares of the company’s stock after purchasing an additional 6,291 shares during the quarter. SG Americas Securities LLC’s holdings in HighPeak Energy were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in HPK. Blue Trust Inc. raised its position in HighPeak Energy by 101.1% in the third quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock worth $80,000 after purchasing an additional 2,854 shares in the last quarter. FMR LLC grew its stake in shares of HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after purchasing an additional 7,091 shares during the period. Barclays PLC raised its holdings in shares of HighPeak Energy by 346.6% in the 3rd quarter. Barclays PLC now owns 24,911 shares of the company’s stock worth $346,000 after buying an additional 19,333 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HighPeak Energy by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company’s stock worth $728,000 after buying an additional 3,497 shares during the period. Finally, Empowered Funds LLC boosted its stake in HighPeak Energy by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 173,888 shares of the company’s stock valued at $2,414,000 after buying an additional 8,844 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors and hedge funds.

HighPeak Energy Trading Up 0.9 %

Shares of HPK stock opened at $13.83 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 10.89 and a beta of 0.73. HighPeak Energy, Inc. has a 12-month low of $12.48 and a 12-month high of $17.48. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $14.65.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price objective on HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, January 13th.

HighPeak Energy Company 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.