HighPeak Energy, Inc. (NASDAQ:HPK) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 182,274 shares of the company's stock after acquiring an additional 35,483 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.14% of HighPeak Energy worth $2,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HPK. Sanders Morris Harris LLC acquired a new stake in shares of HighPeak Energy during the 3rd quarter worth approximately $4,506,000. Denali Advisors LLC boosted its holdings in HighPeak Energy by 80.2% during the second quarter. Denali Advisors LLC now owns 319,800 shares of the company's stock worth $4,496,000 after buying an additional 142,300 shares in the last quarter. Interval Partners LP acquired a new stake in HighPeak Energy during the second quarter valued at $1,684,000. American Century Companies Inc. increased its holdings in HighPeak Energy by 26.8% in the second quarter. American Century Companies Inc. now owns 520,698 shares of the company's stock valued at $7,321,000 after buying an additional 110,099 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of HighPeak Energy by 197.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 54,141 shares of the company's stock worth $761,000 after acquiring an additional 35,937 shares during the period. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at HighPeak Energy

In other HighPeak Energy news, CEO Jack Hightower bought 100,000 shares of the company's stock in a transaction dated Friday, September 20th. The stock was acquired at an average price of $15.54 per share, with a total value of $1,554,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,959,255 shares of the company's stock, valued at $77,066,822.70. This represents a 2.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 77.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Truist Financial raised their target price on HighPeak Energy from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th.

HighPeak Energy Price Performance

Shares of HighPeak Energy stock traded down $0.12 on Monday, reaching $14.20. The company's stock had a trading volume of 292,125 shares, compared to its average volume of 321,445. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.80 billion, a P/E ratio of 11.28 and a beta of 0.73. The stock has a 50-day moving average price of $14.32 and a 200-day moving average price of $14.76. HighPeak Energy, Inc. has a 52-week low of $12.47 and a 52-week high of $17.48.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.23 by $0.12. The company had revenue of $271.60 million during the quarter, compared to analyst estimates of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The firm's revenue was down 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts expect that HighPeak Energy, Inc. will post 0.77 EPS for the current year.

HighPeak Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 1.13%. HighPeak Energy's dividend payout ratio (DPR) is presently 12.60%.

HighPeak Energy Company Profile

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.