Mackenzie Financial Corp Acquires Shares of 80,431 GeoPark Limited (NYSE:GPRK)

Mackenzie Financial Corp acquired a new stake in shares of GeoPark Limited (NYSE:GPRK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,431 shares of the oil and gas company’s stock, valued at approximately $689,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of GeoPark in the third quarter worth $154,000. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of GeoPark by 59.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 27,260 shares of the oil and gas company’s stock worth $234,000 after acquiring an additional 10,125 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of GeoPark by 86.9% in the third quarter. WINTON GROUP Ltd now owns 29,124 shares of the oil and gas company’s stock worth $299,000 after acquiring an additional 13,538 shares during the period. MQS Management LLC boosted its holdings in shares of GeoPark by 132.5% in the third quarter. MQS Management LLC now owns 38,619 shares of the oil and gas company’s stock worth $397,000 after acquiring an additional 22,012 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of GeoPark by 21.3% in the third quarter. Trexquant Investment LP now owns 41,402 shares of the oil and gas company’s stock worth $426,000 after acquiring an additional 7,281 shares during the period. 68.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GPRK shares. JPMorgan Chase & Co. lowered their price objective on GeoPark from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. StockNews.com upgraded GeoPark from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 5th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $14.00 price objective on shares of GeoPark in a research report on Friday, April 12th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $13.17.

GeoPark Trading Down 1.2 %

NYSE GPRK opened at $9.56 on Friday. The stock’s 50-day simple moving average is $9.29 and its two-hundred day simple moving average is $9.22. GeoPark Limited has a twelve month low of $8.05 and a twelve month high of $11.38. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $528.68 million, a price-to-earnings ratio of 4.90 and a beta of 1.30.

GeoPark (NYSE:GPRK) last released its quarterly earnings results on Wednesday, March 6th. The oil and gas company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.17). GeoPark had a net margin of 14.69% and a return on equity of 79.78%. The firm had revenue of $199.70 million for the quarter, compared to analysts’ expectations of $212.54 million. Research analysts forecast that GeoPark Limited will post 3.14 EPS for the current fiscal year.

GeoPark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.136 per share. This is an increase from GeoPark’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.54 dividend on an annualized basis and a yield of 5.69%. GeoPark’s dividend payout ratio (DPR) is presently 27.69%.

GeoPark Profile

GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Argentina, and Ecuador. GeoPark Limited has a strategic partnership with ONGC Videsh to jointly acquire, invest in, and create value from upstream oil and gas projects across Latin America.