Raymond James Financial Services Advisors Inc. Acquires Shares of 12,225 HighPeak Energy, Inc. (NASDAQ:HPK)

Raymond James Financial Services Advisors Inc. bought a new stake in HighPeak Energy, Inc. (NASDAQ:HPK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,225 shares of the company’s stock, valued at approximately $174,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HPK. Solstein Capital LLC grew its stake in HighPeak Energy by 20.0% in the third quarter. Solstein Capital LLC now owns 6,000 shares of the company’s stock worth $101,000 after purchasing an additional 1,000 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of HighPeak Energy during the 3rd quarter valued at approximately $112,000. Commonwealth Equity Services LLC lifted its stake in HighPeak Energy by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 13,102 shares of the company’s stock worth $221,000 after purchasing an additional 1,195 shares during the last quarter. Raymond James & Associates acquired a new position in HighPeak Energy in the third quarter worth $243,000. Finally, Stokes Family Office LLC bought a new stake in HighPeak Energy during the third quarter valued at $294,000. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Stock Down 2.1 %

NASDAQ:HPK opened at $14.88 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $15.68 and a 200-day moving average of $15.36. The firm has a market capitalization of $1.91 billion, a PE ratio of 9.42 and a beta of 0.63. HighPeak Energy, Inc. has a 52 week low of $10.44 and a 52 week high of $20.20.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The firm had revenue of $301.15 million during the quarter, compared to the consensus estimate of $329.85 million. HighPeak Energy had a return on equity of 17.70% and a net margin of 19.42%. Analysts predict that HighPeak Energy, Inc. will post 1.6 EPS for the current year.

HighPeak Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were given a $0.04 dividend. The ex-dividend date was Thursday, February 29th. This is an increase from HighPeak Energy’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 1.08%. HighPeak Energy’s dividend payout ratio (DPR) is currently 10.13%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price target on shares of HighPeak Energy from $11.00 to $10.00 and set a “sell” rating on the stock in a research report on Friday, April 5th.

HighPeak Energy 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.