80,431 Shares in GeoPark Limited (NYSE:GPRK) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of GeoPark Limited (NYSE:GPRK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 80,431 shares of the oil and gas company’s stock, valued at approximately $689,000. Mackenzie Financial Corp owned about 0.14% of GeoPark at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GPRK. Sagil Capital LLP lifted its holdings in GeoPark by 344.7% during the 3rd quarter. Sagil Capital LLP now owns 1,791,222 shares of the oil and gas company’s stock worth $18,414,000 after purchasing an additional 1,388,418 shares during the last quarter. Carmignac Gestion raised its holdings in GeoPark by 17.0% in the 3rd quarter. Carmignac Gestion now owns 998,884 shares of the oil and gas company’s stock valued at $10,269,000 after acquiring an additional 145,305 shares in the last quarter. Quadrature Capital Ltd acquired a new position in GeoPark in the 3rd quarter valued at $879,000. Mork Capital Management LLC acquired a new position in GeoPark in the 3rd quarter valued at $720,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in GeoPark by 208.3% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 98,347 shares of the oil and gas company’s stock valued at $1,011,000 after acquiring an additional 66,452 shares in the last quarter. 68.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Tuesday, February 20th. StockNews.com raised GeoPark from a “buy” rating to a “strong-buy” rating in a report on Friday, April 5th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of GeoPark in a report on Friday, April 12th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $13.17.

GeoPark Price Performance

GeoPark stock opened at $9.56 on Friday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.11 and a current ratio of 1.17. GeoPark Limited has a 52 week low of $8.05 and a 52 week high of $11.38. The stock has a market capitalization of $528.68 million, a P/E ratio of 4.90 and a beta of 1.30. The stock has a fifty day moving average of $9.29 and a 200-day moving average of $9.22.

GeoPark (NYSE:GPRK) last issued its quarterly earnings data on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.17). The firm had revenue of $199.70 million for the quarter, compared to the consensus estimate of $212.54 million. GeoPark had a return on equity of 79.78% and a net margin of 14.69%. On average, sell-side analysts expect that GeoPark Limited will post 3.14 earnings per share for the current fiscal year.

GeoPark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were given a dividend of $0.136 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.54 dividend on an annualized basis and a yield of 5.69%. This is a positive change from GeoPark’s previous quarterly dividend of $0.13. GeoPark’s payout ratio is currently 27.69%.

GeoPark Profile

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.