Renaissance Technologies LLC Acquires 578,178 Shares of Geopark Ltd $GPRK

Renaissance Technologies LLC grew its holdings in Geopark Ltd (NYSE:GPRK) by 21.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,309,031 shares of the oil and gas company’s stock after buying an additional 578,178 shares during the quarter. Renaissance Technologies LLC owned approximately 0.06% of Geopark worth $31,436,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GPRK. Caitong International Asset Management Co. Ltd lifted its position in Geopark by 86.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after buying an additional 3,134 shares in the last quarter. StoneX Group Inc. acquired a new stake in Geopark in the 4th quarter valued at about $101,000. Walleye Capital LLC acquired a new stake in Geopark in the 1st quarter valued at about $159,000. PharVision Advisers LLC acquired a new stake in Geopark in the 3rd quarter valued at about $117,000. Finally, Graham Capital Management L.P. bought a new position in shares of Geopark in the fourth quarter worth about $139,000. 68.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Geopark in a research report on Friday, July 17th. Wall Street Zen raised shares of Geopark to a “strong-buy” rating in a report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Geopark Trading Down 2.4%

GPRK stock opened at $9.26 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. Geopark Ltd has a twelve month low of $5.75 and a twelve month high of $11.87. The company has a market cap of $478.58 million, a P/E ratio of 8.81 and a beta of 0.39. The business has a fifty day moving average of $10.01 and a 200-day moving average of $9.22.

Geopark (NYSE:GPRK) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The business had revenue of $128.40 million for the quarter, compared to analysts’ expectations of $140.00 million. Geopark had a return on equity of 36.71% and a net margin of 11.74%.

Geopark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Wednesday, May 20th were issued a dividend of $0.023 per share. This represents a $0.09 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, May 20th. Geopark’s payout ratio is currently 8.57%.

Geopark Company Profile

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.