Barclays PLC Has $346,000 Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Barclays PLC boosted its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 346.6% during the third quarter, Holdings Channel reports. The institutional investor owned 24,911 shares of the company’s stock after purchasing an additional 19,333 shares during the quarter. Barclays PLC’s holdings in HighPeak Energy were worth $346,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of HighPeak Energy by 135.1% during the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock worth $9,819,000 after buying an additional 406,536 shares during the last quarter. FMR LLC increased its position in shares of HighPeak Energy by 766.6% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of HighPeak Energy by 24.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock worth $2,530,000 after purchasing an additional 35,483 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of HighPeak Energy by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 173,888 shares of the company’s stock valued at $2,414,000 after buying an additional 8,844 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of HighPeak Energy by 101.1% in the third quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock valued at $80,000 after buying an additional 2,854 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial upped their price target on shares of HighPeak Energy from $12.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th.

HighPeak Energy Trading Down 0.1 %

HighPeak Energy stock opened at $15.41 on Friday. The stock has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $14.78. The stock has a market capitalization of $1.95 billion, a P/E ratio of 12.13 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. HighPeak Energy, Inc. has a 52 week low of $12.47 and a 52 week high of $17.48.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.12. HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The business had revenue of $271.60 million for the quarter, compared to analyst estimates of $270.18 million. During the same period in the previous year, the firm earned $0.46 EPS. The firm’s revenue was down 21.4% compared to the same quarter last year. Analysts expect that HighPeak Energy, Inc. will post 0.77 earnings per share for the current year.

HighPeak Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, December 2nd. HighPeak Energy’s dividend payout ratio is presently 12.60%.

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.