Wolverine Asset Management LLC Has $51,000 Stock Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Wolverine Asset Management LLC reduced its position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 23.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,597 shares of the company’s stock after selling 1,109 shares during the quarter. Wolverine Asset Management LLC’s holdings in HighPeak Energy were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Solstein Capital LLC increased its holdings in HighPeak Energy by 20.0% in the third quarter. Solstein Capital LLC now owns 6,000 shares of the company’s stock valued at $101,000 after purchasing an additional 1,000 shares during the last quarter. ORG Partners LLC bought a new position in HighPeak Energy during the 3rd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in HighPeak Energy during the fourth quarter valued at approximately $117,000. Raymond James Financial Services Advisors Inc. bought a new stake in HighPeak Energy in the fourth quarter valued at approximately $174,000. Finally, Commonwealth Equity Services LLC raised its holdings in HighPeak Energy by 10.0% in 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 period. 24.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

HighPeak Energy Price Performance

NASDAQ HPK opened at $15.02 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.12 and a current ratio of 1.14. HighPeak Energy, Inc. has a 52-week low of $10.44 and a 52-week high of $20.20. The business has a 50 day simple moving average of $15.66 and a 200 day simple moving average of $15.34. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 9.51 and a beta of 0.63.

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 business had revenue of $301.15 million for the quarter, compared to analyst estimates of $329.85 million. HighPeak Energy had a net margin of 19.42% and a return on equity of 17.70%. Analysts anticipate that HighPeak Energy, Inc. will post 1.6 earnings per share for the current fiscal year.

HighPeak Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 1st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, February 29th. This is a positive change from HighPeak Energy’s previous quarterly dividend of $0.03. HighPeak Energy’s dividend payout ratio (DPR) is currently 10.13%.

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.