LPL Financial LLC Decreases Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

LPL Financial LLC trimmed its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,563 shares of the company’s stock after selling 3,043 shares during the period. LPL Financial LLC’s holdings in HighPeak Energy were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in shares of HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock worth $111,000 after purchasing an additional 7,091 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in HighPeak Energy in the fourth quarter valued at about $112,000. AlphaQuest LLC raised its stake in HighPeak Energy by 509.9% in the fourth quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock valued at $118,000 after buying an additional 6,726 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in HighPeak Energy in the fourth quarter worth about $148,000. Finally, Intech Investment Management LLC purchased a new stake in shares of HighPeak Energy during the fourth quarter worth about $153,000. 24.13% of the stock is owned by hedge funds and other institutional investors.

HighPeak Energy Stock Up 3.9 %

HighPeak Energy stock opened at $9.44 on Wednesday. The business’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $13.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market cap of $1.19 billion, a PE ratio of 7.43 and a beta of 0.82. HighPeak Energy, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $17.48.

HighPeak Energy (NASDAQ:HPK) last issued its quarterly earnings results on Monday, March 10th. The company reported $0.06 earnings per share 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 business had revenue of $234.81 million during the quarter, compared to analyst estimates of $247.32 million. During the same quarter last year, the company posted $0.66 EPS. HighPeak Energy’s quarterly revenue was down 22.0% compared to the same quarter last year. Equities analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a research report on Thursday, March 13th. Bank of America started coverage on shares of HighPeak Energy in a report on Monday, April 7th. They issued an “underperform” rating and a $10.00 price target for the company.

About HighPeak Energy

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.