Geode Capital Management LLC Acquires 82,988 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Geode Capital Management LLC lifted its position in shares of HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,822 shares of the company's stock after purchasing an additional 82,988 shares during the quarter. Geode Capital Management LLC owned approximately 0.44% of HighPeak Energy worth $7,827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HPK. State Street Corp raised its holdings in shares of HighPeak Energy by 135.1% in the 3rd quarter. State Street Corp now owns 707,425 shares of the company's stock worth $9,819,000 after buying an additional 406,536 shares in the last quarter. American Century Companies Inc. raised its stake in HighPeak Energy by 26.8% during the second quarter. American Century Companies Inc. now owns 520,698 shares of the company's stock worth $7,321,000 after acquiring an additional 110,099 shares in the last quarter. Sanders Morris Harris LLC bought a new position in shares of HighPeak Energy during the third quarter valued at $4,506,000. Denali Advisors LLC boosted its stake in shares of HighPeak Energy by 80.2% in the 2nd quarter. Denali Advisors LLC now owns 319,800 shares of the company's stock valued at $4,496,000 after purchasing an additional 142,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of HighPeak Energy by 24.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company's stock worth $2,530,000 after purchasing an additional 35,483 shares during the last quarter. 24.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial boosted their price objective on HighPeak Energy from $12.00 to $14.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th.

HighPeak Energy Stock Down 0.1 %

Shares of HighPeak Energy stock traded down $0.02 during trading on Friday, reaching $15.41. The stock had a trading volume of 218,085 shares, compared to its average volume of 279,242. HighPeak Energy, Inc. has a 52 week low of $12.47 and a 52 week high of $17.48. The stock has a fifty day moving average price of $14.34 and a two-hundred day moving average price of $14.76. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.13 and a beta of 0.73. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.12. The company had revenue of $271.60 million during the quarter, compared to the consensus estimate of $270.18 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The company's quarterly revenue was down 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Sell-side analysts predict that HighPeak Energy, Inc. will post 0.77 EPS for the current fiscal year.

HighPeak Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Monday, December 2nd. HighPeak Energy's dividend payout ratio is presently 12.60%.

HighPeak Energy 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.