Swiss National Bank Decreases Stock Position in HighPeak Energy, Inc. $HPK

Swiss National Bank lowered its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 27.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,800 shares of the company’s stock after selling 13,800 shares during the quarter. Swiss National Bank’s holdings in HighPeak Energy were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its position in shares of HighPeak Energy by 15.5% in the first quarter. Deutsche Bank AG now owns 23,680 shares of the company’s stock worth $300,000 after buying an additional 3,170 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of HighPeak Energy by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 2,375,805 shares of the company’s stock worth $30,078,000 after acquiring an additional 216,954 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of HighPeak Energy by 42.3% during the 1st quarter. GSA Capital Partners LLP now owns 167,864 shares of the company’s stock worth $2,125,000 after acquiring an additional 49,867 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of HighPeak Energy during the 1st quarter worth approximately $159,000. Finally, Denali Advisors LLC raised its holdings in shares of HighPeak Energy by 3.0% during the 1st quarter. Denali Advisors LLC now owns 471,548 shares of the company’s stock worth $5,970,000 after acquiring an additional 13,719 shares in the last quarter. 24.13% of the stock is currently owned by hedge funds and other institutional investors.

HighPeak Energy Trading Up 1.8%

Shares of HPK opened at $7.55 on Thursday. HighPeak Energy, Inc. has a twelve month low of $7.00 and a twelve month high of $16.56. The company has a market cap of $952.28 million, a P/E ratio of 8.78 and a beta of 1.06. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $9.05 and its 200-day simple moving average is $10.29.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). HighPeak Energy had a return on equity of 7.10% and a net margin of 12.59%.The firm had revenue of $200.40 million during the quarter, compared to analysts’ expectations of $210.87 million. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 27.2% compared to the same quarter last year. As a group, analysts expect that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, September 2nd will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. HighPeak Energy’s dividend payout ratio is presently 18.60%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of HighPeak Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $11.50.

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.