GeoPark Limited (NYSE:GPRK) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in GeoPark Limited (NYSE:GPRKGet Rating) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,538,931 shares of the oil and gas company’s stock after selling 322,400 shares during the quarter. Renaissance Technologies LLC owned approximately 5.80% of GeoPark worth $40,521,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in GeoPark during the 4th quarter worth approximately $33,000. UMB Bank N A MO acquired a new stake in GeoPark during the 4th quarter worth approximately $92,000. Moors & Cabot Inc. acquired a new stake in GeoPark during the 3rd quarter worth approximately $98,000. Goldman Sachs Group Inc. purchased a new position in shares of GeoPark during the 3rd quarter worth approximately $132,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of GeoPark during the 4th quarter worth approximately $161,000. 37.51% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the company. assumed coverage on GeoPark in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Zacks Investment Research raised GeoPark from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Tuesday, April 12th.

Shares of GPRK stock opened at $15.32 on Friday. The company has a market cap of $922.88 million, a price-to-earnings ratio of 9.17 and a beta of 1.58. The stock has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $13.93. GeoPark Limited has a 12-month low of $9.50 and a 12-month high of $17.96.

GeoPark (NYSE:GPRKGet Rating) last released its quarterly earnings data on Wednesday, March 9th. The oil and gas company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. GeoPark had a negative return on equity of 134.85% and a net margin of 12.95%. The firm had revenue of $202.40 million during the quarter, compared to the consensus estimate of $193.94 million. Analysts expect that GeoPark Limited will post 5.17 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 26th will be paid a $0.082 dividend. This represents a $0.33 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, May 25th. GeoPark’s payout ratio is currently 19.76%.

About GeoPark (Get Rating)

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. As of December 31, 2021, the company had working and/or economic interests in 42 hydrocarbons blocks. It had net proved reserves of 87.8 million barrels of oil equivalent.

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Institutional Ownership by Quarter for GeoPark (NYSE:GPRK)

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