PDT Partners LLC Sells 11,600 Shares of GeoPark Limited (NYSE:GPRK)

PDT Partners LLC lessened its stake in GeoPark Limited (NYSE:GPRK) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,263 shares of the oil and gas company’s stock after selling 11,600 shares during the period. PDT Partners LLC owned about 0.09% of GeoPark worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new stake in shares of GeoPark in the 1st quarter valued at about $28,000. Employees Retirement System of Texas bought a new stake in shares of GeoPark in the 2nd quarter valued at about $34,000. nVerses Capital LLC bought a new stake in shares of GeoPark in the 2nd quarter valued at about $35,000. Blue Trust Inc. bought a new stake in shares of GeoPark in the 3rd quarter valued at about $38,000. Finally, Virtu Financial LLC bought a new position in GeoPark during the 1st quarter valued at approximately $192,000. Institutional investors own 68.21% of the company’s stock.

GeoPark Stock Up 7.5 %

GPRK stock opened at $11.19 on Wednesday. GeoPark Limited has a fifty-two week low of $7.24 and a fifty-two week high of $11.39. The business’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $9.20. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market capitalization of $572.48 million, a price-to-earnings ratio of 5.68 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 for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The firm had revenue of $159.50 million for the quarter, compared to analysts’ expectations of $156.99 million. As a group, analysts forecast that GeoPark Limited will post 2.95 earnings per share for the current fiscal year.

GeoPark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.147 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.25%. GeoPark’s dividend payout ratio (DPR) is 29.95%.

Analyst Ratings Changes

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

GeoPark Company Profile

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.