Sanders Morris Harris LLC Grows Stock Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Sanders Morris Harris LLC raised its position in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 361,646 shares of the company's stock after purchasing an additional 37,000 shares during the period. HighPeak Energy accounts for 0.8% of Sanders Morris Harris LLC's investment portfolio, making the stock its 22nd biggest position. Sanders Morris Harris LLC owned about 0.29% of HighPeak Energy worth $5,253,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HPK. Blue Trust Inc. raised its position in shares of HighPeak Energy by 101.1% in the third quarter. Blue Trust Inc. now owns 5,678 shares of the company's stock worth $80,000 after buying an additional 2,854 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HighPeak Energy by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company's stock valued at $728,000 after acquiring an additional 3,497 shares in the last quarter. Rhumbline Advisers boosted its position in shares of HighPeak Energy by 42.9% during the 2nd quarter. Rhumbline Advisers now owns 21,672 shares of the company's stock valued at $305,000 after acquiring an additional 6,501 shares during the last quarter. FMR LLC boosted its position in shares of HighPeak Energy by 766.6% during the 3rd quarter. FMR LLC now owns 8,016 shares of the company's stock valued at $111,000 after acquiring an additional 7,091 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of HighPeak Energy during the third quarter worth about $107,000. 24.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their target price on shares of HighPeak Energy from $14.00 to $15.00 and gave the company a "hold" rating in a research report on Monday.

HighPeak Energy Price Performance

NASDAQ:HPK traded down $0.06 during midday trading on Thursday, hitting $14.78. The company had a trading volume of 161,083 shares, compared to its average volume of 263,258. The company has a market capitalization of $1.87 billion, a PE ratio of 11.64 and a beta of 0.74. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. HighPeak Energy, Inc. has a 52-week low of $12.47 and a 52-week high of $17.48. The stock's fifty day moving average price is $14.54 and its 200-day moving average price is $14.80.

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 the consensus estimate of $0.23 by $0.12. The firm had revenue of $271.60 million for the quarter, compared to analyst estimates of $270.18 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The company's revenue was down 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. As a group, research analysts expect that HighPeak Energy, Inc. will post 0.77 earnings per share for the current year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Monday, December 2nd. HighPeak Energy's dividend payout ratio (DPR) is presently 12.60%.

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.