JPMorgan Chase & Co. Sells 273,449 Shares of GeoPark Limited (NYSE:GPRK)

JPMorgan Chase & Co. lowered its stake in GeoPark Limited (NYSE:GPRK - Free Report) by 55.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,819 shares of the oil and gas company's stock after selling 273,449 shares during the period. JPMorgan Chase & Co. owned 0.43% of GeoPark worth $1,722,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPRK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in GeoPark during the 3rd quarter worth approximately $2,834,000. Mackenzie Financial Corp bought a new stake in shares of GeoPark in the 2nd quarter valued at $2,929,000. Principal Financial Group Inc. lifted its position in shares of GeoPark by 77.4% during the 3rd quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company's stock valued at $2,883,000 after acquiring an additional 159,861 shares during the period. Deltec Asset Management LLC boosted its stake in GeoPark by 997.3% during the third quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company's stock worth $1,036,000 after acquiring an additional 119,678 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in GeoPark by 61.7% in the third quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company's stock worth $1,701,000 after purchasing an additional 82,459 shares during the period. Institutional investors own 68.21% of the company's stock.

GeoPark Stock Performance

GPRK traded down $0.31 during trading on Thursday, hitting $9.38. 629,548 shares of the company traded hands, compared to its average volume of 927,987. GeoPark Limited has a one year low of $7.24 and a one year high of $11.72. The stock's fifty day moving average is $9.90 and its 200 day moving average is $9.15. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 2.53. The firm has a market cap of $479.88 million, a P/E ratio of 4.76 and a beta of 1.35.

GeoPark (NYSE:GPRK - Get Free Report) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.11). The business had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.99 million. GeoPark had a return on equity of 57.93% and a net margin of 14.97%. As a group, equities analysts predict that GeoPark Limited will post 2.12 EPS for the current fiscal year.

GeoPark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were paid a dividend of $0.147 per share. This represents a $0.59 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, November 21st. GeoPark's dividend payout ratio is 29.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GPRK shares. StockNews.com downgraded GeoPark from a "strong-buy" rating to a "buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of GeoPark from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th.

About GeoPark

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.