GeoPark Limited (NYSE:GPRK) Stake Lowered by Sagil Capital LLP

Sagil Capital LLP trimmed its position in shares of GeoPark Limited (NYSE:GPRK) by 14.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 721,822 shares of the oil and gas company’s stock after selling 124,165 shares during the period. GeoPark comprises approximately 3.5% of Sagil Capital LLP’s portfolio, making the stock its 7th biggest holding. Sagil Capital LLP owned about 1.41% of GeoPark worth $5,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of GeoPark by 3,251.7% in the second quarter. Acadian Asset Management LLC now owns 379,483 shares of the oil and gas company’s stock valued at $4,139,000 after purchasing an additional 368,161 shares during the period. Mackenzie Financial Corp acquired a new stake in GeoPark during the second quarter worth about $2,929,000. Principal Financial Group Inc. acquired a new position in shares of GeoPark in the second quarter valued at $2,261,000. Deltec Asset Management LLC raised its stake in shares of GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after buying an additional 119,678 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in GeoPark by 61.7% in the third quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock worth $1,701,000 after purchasing an additional 82,459 shares in the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

GeoPark Price Performance

GPRK stock traded up $0.16 during midday trading on Monday, reaching $9.15. 80,042 shares of the company’s stock traded hands, compared to its average volume of 389,291. The company has a 50-day simple moving average of $8.14 and a two-hundred day simple moving average of $9.20. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. GeoPark Limited has a 1-year low of $7.24 and a 1-year high of $11.25. The company has a market cap of $468.11 million, a price-to-earnings ratio of 4.56 and a beta of 1.31.

GeoPark (NYSE:GPRK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.11). The business had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.99 million. GeoPark had a net margin of 14.97% and a return on equity of 57.93%. On average, analysts anticipate that GeoPark Limited will post 2.95 earnings per share for the current year.

GeoPark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be given a $0.147 dividend. This represents a $0.59 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Thursday, November 21st. GeoPark’s dividend payout ratio (DPR) is presently 29.95%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on GPRK shares. 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 research note on Wednesday, October 30th. StockNews.com downgraded shares of GeoPark from a “strong-buy” rating to a “buy” rating in a report on Monday, October 28th.

GeoPark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.