( ) experienced a significant drop in short interest during March. On March 31, there were 379,600 short shares. This is a 12.1% decrease from the total of 432100 shares on March 15. The short-interest ratio, based on a daily average trading volume of 176100 shares, is currently 2.2 days. About 0.9% of shares are shorted.
GeoPark: Hedge Funds weigh in
Recently, a number of hedge fund managers have modified their GPRK holdings. Captrust Financial Advisors bought a new GeoPark stake worth $103,029,000 in the third quarter. Abrdn Plc increased its stake in GeoPark during the fourth quarter by 18.2%. Abrdn Plc owns 1,684,917 of the oil company's shares valued at $26,032,000, after adding 259,664 more shares during the last quarter. INCA Investments LLC increased its holdings of shares in GeoPark by 15% during the first quarter. INCA Investments LLC owns 1,211 586 shares in the oil and gas firm's stock, valued at $18,101,000, after buying an additional 157 586 shares during the previous quarter. Carmignac Gestion increased its stake in GeoPark in the fourth quarter by 5.3%. Carmignac Gestion owns 678.193 shares in the oil and gas firm's stock, worth $10,478,000, after purchasing an additional 34.261 shares over the last quarter. Millennium Management LLC increased its stake in GeoPark in the fourth quarter by 60.0%. Millennium Management LLC owns now 581,105 of the oil company's shares worth $8,978,000, after purchasing an additional 217.993 shares in the last quarter. In a report published on Wednesday, GeoPark was downgraded from a "strong-buy" rating to a "buy".
GeoPark Stock Performance
Trading at midday on Wednesday saw a $0.20 decline, bringing the stock price to $11.43. Stock of the company traded at 150,741 shares compared to an average of 176 046. GeoPark's 12-month low is $10.20, and its 12-month high is $18.52. The market capitalization is $658.62m, the P/E ratio is 3.03, and beta is 1.50. The company's debt-to equity ratio is 4.20. Its quick ratio is 0.98, and its current ratio is 1.04. The company's two-hundred and fifty day moving mean price is $13.59.
GeoPark increases Dividend
A quarterly dividend was also announced by the firm and paid out on March 31st. Investors who had their accounts open on March 22nd received a dividend of $0.13. On an annualized basis, this represents a dividend of $0.52 and a yield 4.55%. Ex-dividend was on Tuesday, March 21st. GeoPark had previously paid a quarterly dividend of $0.13. GeoPark’s current dividend payout ratio is 13.79%.
GeoPark Company Profile
GeoPark Ltd. is engaged in the exploration, production, and development of oil and gas reserves. It is divided into the following geographic segments: Chile Brazil Colombia Peru Argentina Ecuador and Corporate. Gerald Eugene O'Shaughnessy founded the company in 2002 with James Franklin Park. Its headquarters is located in Bogota.
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