Trexquant Investment LP Sells 4,567 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Trexquant Investment LP cut its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPKFree Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,147 shares of the company’s stock after selling 4,567 shares during the period. Trexquant Investment LP’s holdings in HighPeak Energy were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates bought a new position in shares of HighPeak Energy in the third quarter valued at about $243,000. New York State Common Retirement Fund grew its stake in shares of HighPeak Energy by 59.8% during the third quarter. New York State Common Retirement Fund now owns 86,698 shares of the company’s stock valued at $1,463,000 after purchasing an additional 32,441 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of HighPeak Energy during the third quarter valued at approximately $553,000. Stokes Family Office LLC acquired a new stake in shares of HighPeak Energy in the third quarter valued at approximately $294,000. Finally, Kennedy Capital Management LLC bought a new position in HighPeak Energy in the 3rd quarter worth approximately $10,396,000. 24.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial raised HighPeak Energy from a “sell” rating to a “hold” rating and lifted their target price for the company from $10.00 to $13.00 in a research note on Thursday, May 23rd.

Get Our Latest Stock Analysis on HPK

HighPeak Energy Stock Down 5.5 %

Shares of NASDAQ:HPK opened at $14.91 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.02 and a beta of 0.69. The company has a 50 day moving average of $15.10 and a 200-day moving average of $14.92. HighPeak Energy, Inc. has a one year low of $10.44 and a one year high of $18.42.

HighPeak Energy (NASDAQ:HPKGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). HighPeak Energy had a return on equity of 16.58% and a net margin of 14.64%. The company had revenue of $287.80 million for the quarter, compared to analyst estimates of $284.38 million. During the same period last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, sell-side analysts forecast that HighPeak Energy, Inc. will post 2.16 earnings per share for the current year.

HighPeak Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Monday, June 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, June 3rd. HighPeak Energy’s dividend payout ratio is currently 12.90%.

HighPeak Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HighPeak Energy (NASDAQ:HPK)

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