HighPeak Energy, Inc. (NASDAQ:HPK) Shares Sold by Islay Capital Management LLC

Islay Capital Management LLC lowered its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 16.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,300 shares of the company’s stock after selling 2,350 shares during the quarter. Islay Capital Management LLC’s holdings in HighPeak Energy were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in HighPeak Energy by 6.7% in the fourth quarter. Vanguard Group Inc. now owns 2,158,851 shares of the company’s stock worth $31,735,000 after purchasing an additional 135,792 shares during the period. American Century Companies Inc. lifted its stake in shares of HighPeak Energy by 11.2% in the 4th quarter. American Century Companies Inc. now owns 714,060 shares of the company’s stock worth $10,497,000 after acquiring an additional 71,802 shares during the period. State Street Corp boosted its holdings in shares of HighPeak Energy by 135.1% in the third quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after acquiring an additional 406,536 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HighPeak Energy by 17.3% during the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after acquiring an additional 82,988 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in HighPeak Energy by 54.3% during the fourth quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company’s stock worth $6,869,000 after purchasing an additional 164,398 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

HighPeak Energy Price Performance

Shares of HighPeak Energy stock opened at $9.69 on Friday. HighPeak Energy, Inc. has a 52 week low of $9.54 and a 52 week high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.22 billion, a PE ratio of 7.63 and a beta of 0.82. The company’s 50-day moving average price is $12.96 and its two-hundred day moving average price is $13.95.

HighPeak Energy (NASDAQ:HPK) last released its earnings results on Monday, March 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The business had revenue of $234.81 million during the quarter, compared to the consensus estimate of $247.32 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The firm’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. As a group, sell-side analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy’s payout ratio is 23.88%.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price target on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 13th.

About HighPeak Energy

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.