Stokes Family Office LLC Purchases New Position in GeoPark Limited (NYSE:GPRK)

Stokes Family Office LLC purchased a new stake in shares of GeoPark Limited (NYSE:GPRK) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 31,500 shares of the oil and gas company’s stock, valued at approximately $302,000. Stokes Family Office LLC owned about 0.06% of GeoPark at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carmignac Gestion boosted its position in GeoPark by 17.0% during the 3rd quarter. Carmignac Gestion now owns 998,884 shares of the oil and gas company’s stock worth $10,269,000 after buying an additional 145,305 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in GeoPark by 19.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,539 shares of the oil and gas company’s stock worth $1,316,000 after buying an additional 24,877 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in GeoPark by 59.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 27,260 shares of the oil and gas company’s stock worth $234,000 after buying an additional 10,125 shares during the period. Mackenzie Financial Corp acquired a new stake in GeoPark during the 4th quarter worth approximately $689,000. Finally, NBC Securities Inc. boosted its position in GeoPark by 480.0% during the 4th quarter. NBC Securities Inc. now owns 5,800 shares of the oil and gas company’s stock worth $49,000 after buying an additional 4,800 shares during the period. 68.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on GPRK. Canaccord Genuity Group reiterated a “buy” rating and set a $14.00 target price on shares of GeoPark in a research report on Friday, April 12th. StockNews.com raised shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $13.17.

GeoPark Stock Down 1.5 %

Shares of GPRK traded down $0.16 on Friday, reaching $10.71. The company’s stock had a trading volume of 179,315 shares, compared to its average volume of 428,879. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 2.47. GeoPark Limited has a twelve month low of $8.05 and a twelve month high of $11.25. The stock has a market capitalization of $592.31 million, a PE ratio of 5.25 and a beta of 1.34. The firm has a fifty day moving average of $10.33 and a 200-day moving average of $9.52.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, May 15th. The oil and gas company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). GeoPark had a return on equity of 67.81% and a net margin of 15.51%. The firm had revenue of $167.42 million during the quarter, compared to the consensus estimate of $192.63 million. Equities analysts predict that GeoPark Limited will post 3.23 EPS for the current year.

GeoPark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.147 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 5.49%. This is an increase from GeoPark’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 31st. GeoPark’s dividend payout ratio is presently 28.92%.

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.