abrdn plc Lowers Stake in GeoPark Limited (NYSE:GPRK)

abrdn plc reduced its position in shares of GeoPark Limited (NYSE:GPRK) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 678,044 shares of the oil and gas company’s stock after selling 16,360 shares during the quarter. abrdn plc owned 1.21% of GeoPark worth $5,811,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of GeoPark during the 4th quarter worth about $689,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of 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 acquiring an additional 10,125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 acquiring an additional 24,877 shares in the last quarter. Carmignac Gestion boosted its stake in shares of 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 acquiring an additional 145,305 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of GeoPark during the 3rd quarter worth about $879,000. 68.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on GPRK shares. StockNews.com upgraded shares of GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. reduced their price target on shares of GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of GeoPark in a research report on Friday, April 12th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $13.17.

GeoPark Stock Up 1.5 %

Shares of NYSE GPRK opened at $9.69 on Friday. The company has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $9.21. The company has a market capitalization of $536.15 million, a P/E ratio of 4.97 and a beta of 1.30. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.17 and a quick ratio of 1.11. GeoPark Limited has a 1 year low of $8.05 and a 1 year high of $11.10.

GeoPark (NYSE:GPRK) last announced its quarterly earnings results on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share (EPS) 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 analyst estimates of $212.54 million. GeoPark had a return on equity of 79.78% and a net margin of 14.69%. On average, equities research analysts predict that GeoPark Limited will post 3.14 earnings per share for the current year.

GeoPark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were issued a $0.136 dividend. This represents a $0.54 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from GeoPark’s previous quarterly dividend of $0.13. GeoPark’s dividend payout ratio (DPR) is 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.