Vanguard Group Inc. Buys 135,792 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Vanguard Group Inc. lifted its stake in HighPeak Energy, Inc. (NASDAQ:HPK - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,158,851 shares of the company's stock after buying an additional 135,792 shares during the period. Vanguard Group Inc. owned approximately 1.70% of HighPeak Energy worth $31,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in shares of HighPeak Energy by 17.3% during the 3rd quarter. Geode Capital Management LLC now owns 563,822 shares of the company's stock valued at $7,827,000 after acquiring an additional 82,988 shares during the period. Charles Schwab Investment Management Inc. grew its stake in HighPeak Energy by 24.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company's stock worth $2,530,000 after buying an additional 35,483 shares in the last quarter. Rhumbline Advisers raised its position in shares of HighPeak Energy by 151.8% in the 4th quarter. Rhumbline Advisers now owns 52,352 shares of the company's stock worth $770,000 after acquiring an additional 31,558 shares in the last quarter. State Street Corp boosted its holdings in shares of HighPeak Energy by 135.1% during the 3rd quarter. State Street Corp now owns 707,425 shares of the company's stock worth $9,819,000 after buying an additional 406,536 shares in the last quarter. Finally, Barclays PLC grew its position in shares of HighPeak Energy by 346.6% during the 3rd quarter. Barclays PLC now owns 24,911 shares of the company's stock worth $346,000 after buying an additional 19,333 shares during the period. Institutional investors and hedge funds own 24.13% of the company's stock.

HighPeak Energy Stock Up 5.1 %

Shares of NASDAQ:HPK traded up $0.46 during mid-day trading on Friday, hitting $9.44. 241,278 shares of the company traded hands, compared to its average volume of 301,710. The stock has a 50-day moving average price of $11.73 and a two-hundred day moving average price of $13.46. HighPeak Energy, Inc. has a 12-month low of $7.82 and a 12-month high of $17.48. The stock has a market cap of $1.19 billion, a P/E ratio of 7.43 and a beta of 0.82. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59.

HighPeak Energy (NASDAQ:HPK - Get Free Report) last posted its earnings results on Monday, March 10th. The company reported $0.06 earnings per share (EPS) 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 firm had revenue of $234.81 million during the quarter, compared to the consensus estimate of $247.32 million. During the same quarter in the previous year, the company earned $0.66 EPS. The business's revenue was down 22.0% compared to the same quarter last year. On average, equities research analysts forecast that HighPeak Energy, Inc. will post 0.78 earnings per share for the current year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy's dividend payout ratio is presently 23.88%.

Analysts Set New Price Targets

HPK has been the topic of a number of research reports. Truist Financial dropped their price target on HighPeak Energy from $15.00 to $13.00 and set a "hold" rating on the stock in a research note on Thursday, March 13th. Bank of America initiated coverage on shares of HighPeak Energy in a report on Monday, April 7th. They issued an "underperform" rating and a $10.00 target price on the stock.

HighPeak Energy Company 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.