abrdn plc Has $5.69 Million Stock Position in GeoPark Limited (NYSE:GPRK)

abrdn plc lessened its holdings in GeoPark Limited (NYSE:GPRK - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 613,690 shares of the oil and gas company's stock after selling 105,801 shares during the period. abrdn plc owned approximately 1.20% of GeoPark worth $5,686,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in GeoPark during the fourth quarter valued at approximately $50,000. Blue Trust Inc. boosted its holdings in GeoPark by 25.6% during the fourth quarter. Blue Trust Inc. now owns 6,142 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 1,252 shares in the last quarter. Annex Advisory Services LLC boosted its holdings in GeoPark by 25.5% during the fourth quarter. Annex Advisory Services LLC now owns 161,620 shares of the oil and gas company's stock valued at $1,498,000 after purchasing an additional 32,870 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in GeoPark by 77.4% during the third quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company's stock valued at $2,883,000 after purchasing an additional 159,861 shares in the last quarter. Finally, DGS Capital Management LLC acquired a new stake in GeoPark during the third quarter valued at approximately $148,000. 68.21% of the stock is owned by institutional investors and hedge funds.

GeoPark Price Performance

Shares of NYSE:GPRK traded down $0.11 during trading on Wednesday, reaching $8.93. The stock had a trading volume of 624,522 shares, compared to its average volume of 845,958. GeoPark Limited has a 52 week low of $7.24 and a 52 week high of $11.72. The business's 50-day moving average price is $9.93 and its 200 day moving average price is $9.02. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $456.86 million, a PE ratio of 4.53 and a beta of 1.34.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GPRK shares. JPMorgan Chase & Co. decreased their price objective on GeoPark from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of GeoPark from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, January 28th.

About GeoPark

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.