Northern Trust Corp Has $2.26 Million Stock Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Northern Trust Corp lifted its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,431 shares of the company’s stock after purchasing an additional 6,076 shares during the quarter. Northern Trust Corp owned 0.12% of HighPeak Energy worth $2,255,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HPK. Bank of New York Mellon Corp grew its holdings in shares of HighPeak Energy by 54.3% during the 4th quarter. Bank of New York Mellon Corp now owns 467,294 shares of the company’s stock worth $6,869,000 after purchasing an additional 164,398 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HighPeak Energy by 6.7% during the 4th quarter. Vanguard Group Inc. now owns 2,158,851 shares of the company’s stock worth $31,735,000 after purchasing an additional 135,792 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of HighPeak Energy by 11.2% during the 4th quarter. American Century Companies Inc. now owns 714,060 shares of the company’s stock worth $10,497,000 after purchasing an additional 71,802 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HighPeak Energy by 867.0% during the 4th quarter. JPMorgan Chase & Co. now owns 65,121 shares of the company’s stock worth $957,000 after purchasing an additional 58,387 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of HighPeak Energy by 9.5% during the 4th quarter. Denali Advisors LLC now owns 457,829 shares of the company’s stock worth $6,730,000 after purchasing an additional 39,783 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

HighPeak Energy Stock Performance

NASDAQ:HPK opened at $9.37 on Monday. The stock’s 50-day simple moving average is $9.91 and its 200 day simple moving average is $12.58. The firm has a market capitalization of $1.18 billion, a PE ratio of 7.38 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59. HighPeak Energy, Inc. has a twelve month low of $7.82 and a twelve month high of $17.48.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Monday, May 12th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $257.45 million for the quarter, compared to analyst estimates of $255.33 million. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. HighPeak Energy’s revenue was down 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. On average, analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Monday, June 2nd will be given a $0.04 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.16 annualized dividend and a yield of 1.71%. HighPeak Energy’s dividend payout ratio is presently 18.18%.

Wall Street Analysts Forecast Growth

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

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.