HighPeak Energy, Inc. (NASDAQ:HPK) Shares Purchased by State Street Corp

State Street Corp raised its stake in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 135.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 707,425 shares of the company's stock after purchasing an additional 406,536 shares during the period. State Street Corp owned 0.55% of HighPeak Energy worth $9,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in HighPeak Energy by 101.1% during the 3rd quarter. Blue Trust Inc. now owns 5,678 shares of the company's stock worth $80,000 after buying an additional 2,854 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in HighPeak Energy by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 51,758 shares of the company's stock worth $728,000 after acquiring an additional 3,497 shares in the last quarter. Rhumbline Advisers grew its stake in shares of HighPeak Energy by 42.9% during the second quarter. Rhumbline Advisers now owns 21,672 shares of the company's stock worth $305,000 after acquiring an additional 6,501 shares during the last quarter. FMR LLC grew its stake in shares of HighPeak Energy by 766.6% during the third quarter. FMR LLC now owns 8,016 shares of the company's stock worth $111,000 after acquiring an additional 7,091 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of HighPeak Energy during the third quarter valued at about $107,000. 24.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

HighPeak Energy Price Performance

NASDAQ HPK traded up $0.12 on Friday, hitting $14.42. The company had a trading volume of 218,096 shares, compared to its average volume of 321,184. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93. The company's fifty day moving average price is $14.27 and its 200-day moving average price is $14.73. The company has a market capitalization of $1.83 billion, a PE ratio of 11.35 and a beta of 0.73. HighPeak Energy, Inc. has a 12-month low of $12.47 and a 12-month high of $17.48.

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

HighPeak Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Monday, December 2nd. This represents a $0.16 annualized dividend and a yield of 1.11%. 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.