JPMorgan Chase & Co. Has $957,000 Position in HighPeak Energy, Inc. (NASDAQ:HPK)

JPMorgan Chase & Co. lifted its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 867.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,121 shares of the company's stock after buying an additional 58,387 shares during the period. JPMorgan Chase & Co. owned about 0.05% of HighPeak Energy worth $957,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of HighPeak Energy in the fourth quarter valued at $112,000. AlphaQuest LLC lifted its stake in HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company's stock valued at $118,000 after acquiring an additional 6,726 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of HighPeak Energy in the 4th quarter valued at about $148,000. Intech Investment Management LLC acquired a new position in shares of HighPeak Energy during the 4th quarter worth about $153,000. Finally, Blue Trust Inc. raised its holdings in shares of HighPeak Energy by 109.8% in the 4th quarter. Blue Trust Inc. now owns 11,914 shares of the company's stock valued at $165,000 after purchasing an additional 6,236 shares during the period. Institutional investors own 24.13% of the company's stock.

HighPeak Energy Trading Up 1.1 %

HPK opened at $9.55 on Monday. 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 twelve month low of $7.82 and a twelve month high of $17.48. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.52 and a beta of 0.82. The company has a 50-day simple moving average of $11.24 and a 200 day simple moving average of $13.25.

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

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Monday, March 3rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy's dividend payout ratio is presently 23.88%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HPK shares. Bank of America assumed coverage on HighPeak Energy in a research note on Monday, April 7th. They issued an "underperform" rating and a $10.00 price target on the stock. Truist Financial cut their target price on shares of HighPeak Energy from $15.00 to $13.00 and set a "hold" rating for the company in a research note on Thursday, March 13th.

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.

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