Deltec Asset Management LLC Buys 119,678 Shares of GeoPark Limited (NYSE:GPRK)

Deltec Asset Management LLC raised its holdings in shares of GeoPark Limited (NYSE:GPRK - Free Report) by 997.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,678 shares of the oil and gas company's stock after acquiring an additional 119,678 shares during the quarter. Deltec Asset Management LLC owned approximately 0.24% of GeoPark worth $1,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in GeoPark during the first quarter worth about $28,000. Employees Retirement System of Texas acquired a new position in shares of GeoPark during the 2nd quarter worth approximately $34,000. nVerses Capital LLC bought a new stake in shares of GeoPark during the 2nd quarter worth approximately $35,000. Blue Trust Inc. acquired a new stake in shares of GeoPark in the 3rd quarter valued at approximately $38,000. Finally, Virtu Financial LLC bought a new position in shares of GeoPark in the first quarter valued at $192,000. 68.21% of the stock is currently owned by institutional investors and hedge funds.

GeoPark Stock Performance

GPRK traded up $0.05 during trading hours on Wednesday, reaching $8.20. The company's stock had a trading volume of 251,768 shares, compared to its average volume of 397,125. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.10 and a current ratio of 1.16. The company's 50-day moving average is $8.23 and its 200-day moving average is $9.38. GeoPark Limited has a 52 week low of $7.24 and a 52 week high of $11.25. The firm has a market cap of $453.69 million, a PE ratio of 4.00 and a beta of 1.32.

GeoPark (NYSE:GPRK - Get Free Report) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). GeoPark had a return on equity of 60.77% and a net margin of 14.28%. The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $182.74 million. On average, equities analysts forecast that GeoPark Limited will post 3.09 EPS for the current year.

GeoPark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $0.147 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.59 annualized dividend and a yield of 7.17%. GeoPark's dividend payout ratio (DPR) is presently 28.43%.

Wall Street Analyst Weigh In

Several analysts have issued reports on GPRK shares. StockNews.com lowered shares of GeoPark from a "strong-buy" rating to a "buy" rating in a research report on Monday. JPMorgan Chase & Co. cut their target price on shares of GeoPark from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday.

GeoPark Company Profile

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.