Charles Schwab Investment Management Inc. Increases Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Charles Schwab Investment Management Inc. increased its holdings in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 183,719 shares of the company’s stock after acquiring an additional 1,445 shares during the period. Charles Schwab Investment Management Inc.’s holdings in HighPeak Energy were worth $2,701,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in HighPeak Energy by 766.6% in the 3rd quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after acquiring an additional 7,091 shares during the last quarter. Blue Trust Inc. grew its position in shares of HighPeak Energy by 109.8% during the fourth quarter. Blue Trust Inc. now owns 11,914 shares of the company’s stock valued at $165,000 after purchasing an additional 6,236 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of HighPeak Energy by 81.2% in the fourth quarter. SG Americas Securities LLC now owns 14,035 shares of the company’s stock worth $206,000 after purchasing an additional 6,291 shares during the last quarter. Barclays PLC lifted its position in shares of HighPeak Energy by 346.6% in the third quarter. Barclays PLC now owns 24,911 shares of the company’s stock worth $346,000 after buying an additional 19,333 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of HighPeak Energy by 151.8% in the fourth quarter. Rhumbline Advisers now owns 52,352 shares of the company’s stock worth $770,000 after buying an additional 31,558 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th.

HighPeak Energy Trading Down 0.4 %

Shares of HPK opened at $12.74 on Friday. The stock has a market capitalization of $1.61 billion, a PE ratio of 10.03 and a beta of 0.76. The company’s fifty day moving average is $13.26 and its 200 day moving average is $14.03. 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 fifty-two week low of $10.66 and a fifty-two week high of $17.48.

HighPeak Energy (NASDAQ:HPK) last posted its earnings results on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $247.32 million. During the same quarter last year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was down 22.0% on a year-over-year basis. Sell-side analysts expect that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

HighPeak Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Monday, March 3rd. HighPeak Energy’s dividend payout ratio (DPR) is 23.88%.

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.