Sagil Capital LLP Sells 124,165 Shares of GeoPark Limited (NYSE:GPRK)

Sagil Capital LLP lowered its stake in GeoPark Limited (NYSE:GPRK) by 14.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 721,822 shares of the oil and gas company’s stock after selling 124,165 shares during the period. GeoPark accounts for about 3.5% of Sagil Capital LLP’s holdings, making the stock its 7th biggest holding. Sagil Capital LLP’s holdings in GeoPark were worth $5,681,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in GeoPark in the 3rd quarter valued at approximately $294,000. GSA Capital Partners LLP lifted its position in shares of GeoPark by 61.7% in the third quarter. GSA Capital Partners LLP now owns 216,084 shares of the oil and gas company’s stock worth $1,701,000 after purchasing an additional 82,459 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in GeoPark by 77.4% during the third quarter. Principal Financial Group Inc. now owns 366,380 shares of the oil and gas company’s stock worth $2,883,000 after purchasing an additional 159,861 shares during the last quarter. Deltec Asset Management LLC increased its stake in GeoPark by 997.3% in the 3rd quarter. Deltec Asset Management LLC now owns 131,678 shares of the oil and gas company’s stock valued at $1,036,000 after buying an additional 119,678 shares during the last quarter. Finally, Blue Trust Inc. bought a new stake in GeoPark during the 3rd quarter worth about $38,000. Institutional investors own 68.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GPRK shares. JPMorgan Chase & Co. decreased their price target on GeoPark from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut GeoPark from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th.

GeoPark Price Performance

GPRK stock traded up $0.16 during midday trading on Monday, reaching $9.15. The company had a trading volume of 80,042 shares, compared to its average volume of 389,291. The company has a market capitalization of $468.11 million, a price-to-earnings ratio of 4.56 and a beta of 1.31. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.28 and a quick ratio of 1.23. GeoPark Limited has a 1-year low of $7.24 and a 1-year high of $11.25. The stock has a 50 day moving average price of $8.14 and a 200-day moving average price of $9.20.

GeoPark (NYSE:GPRK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.11). GeoPark had a return on equity of 57.93% and a net margin of 14.97%. The firm had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.99 million. Equities research analysts expect that GeoPark Limited will post 2.95 earnings per share for the current year.

GeoPark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.147 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.43%. GeoPark’s dividend payout ratio (DPR) is currently 29.95%.

GeoPark Company Profile

GeoPark Limited operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013.