HighPeak Energy, Inc. (NASDAQ:HPK) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 714,060 shares of the company's stock after acquiring an additional 71,802 shares during the period. American Century Companies Inc. owned approximately 0.56% of HighPeak Energy worth $10,497,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HPK. Geode Capital Management LLC boosted its holdings in shares of HighPeak Energy by 17.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in HighPeak Energy by 24.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company's stock valued at $2,530,000 after purchasing an additional 35,483 shares during the period. Rhumbline Advisers boosted its holdings in HighPeak Energy by 151.8% in the 4th quarter. Rhumbline Advisers now owns 52,352 shares of the company's stock valued at $770,000 after purchasing an additional 31,558 shares in the last quarter. State Street Corp boosted its holdings in HighPeak Energy by 135.1% in the 3rd quarter. State Street Corp now owns 707,425 shares of the company's stock valued at $9,819,000 after purchasing an additional 406,536 shares in the last quarter. Finally, Barclays PLC increased its position in HighPeak Energy by 346.6% during the 3rd quarter. Barclays PLC now owns 24,911 shares of the company's stock worth $346,000 after purchasing an additional 19,333 shares during the period. 24.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HPK has been the topic of several research analyst reports. Bank of America started coverage on shares of HighPeak Energy in a research report on Monday. They set an "underperform" rating and a $10.00 target price on the stock. Truist Financial dropped their target price on shares of HighPeak Energy from $15.00 to $13.00 and set a "hold" rating for the company in a report on Thursday, March 13th.

HighPeak Energy Price Performance

HighPeak Energy stock traded down $0.79 during mid-day trading on Monday, hitting $8.90. 730,749 shares of the company were exchanged, compared to its average volume of 296,856. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. HighPeak Energy, Inc. has a 12-month low of $8.29 and a 12-month high of $17.48. The business's 50 day simple moving average is $12.85 and its two-hundred day simple moving average is $13.88. The company has a market capitalization of $1.12 billion, a P/E ratio of 7.01 and a beta of 0.82.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The company had revenue of $234.81 million for the quarter, compared to analysts' expectations of $247.32 million. During the same quarter in the prior year, the business posted $0.66 EPS. The company's revenue for the quarter was down 22.0% compared to the same quarter last year. Analysts forecast that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Monday, March 3rd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy's payout ratio is 23.88%.

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.