Sanders Morris Harris LLC Raises Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Sanders Morris Harris LLC increased its position in HighPeak Energy, Inc. (NASDAQ:HPK) by 11.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 361,646 shares of the company’s stock after purchasing an additional 37,000 shares during the period. HighPeak Energy accounts for about 0.8% of Sanders Morris Harris LLC’s holdings, making the stock its 22nd biggest holding. Sanders Morris Harris LLC’s holdings in HighPeak Energy were worth $5,253,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HPK. Geode Capital Management LLC grew its holdings in shares of HighPeak Energy by 17.3% during the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock worth $7,827,000 after buying an additional 82,988 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HighPeak Energy by 24.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock valued at $2,530,000 after purchasing an additional 35,483 shares during the last quarter. State Street Corp grew its stake in shares of HighPeak Energy by 135.1% in the 3rd quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after purchasing an additional 406,536 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of HighPeak Energy by 26.8% in the second quarter. American Century Companies Inc. now owns 520,698 shares of the company’s stock valued at $7,321,000 after purchasing an additional 110,099 shares during the period. Finally, Barclays PLC raised its stake in shares of HighPeak Energy by 346.6% during the third quarter. Barclays PLC now owns 24,911 shares of the company’s stock worth $346,000 after purchasing an additional 19,333 shares during the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

HighPeak Energy Trading Up 0.2 %

NASDAQ HPK opened at $14.87 on Thursday. HighPeak Energy, Inc. has a 52-week low of $12.47 and a 52-week high of $17.48. The firm has a 50-day moving average price of $14.53 and a 200 day moving average price of $14.80. The stock has a market capitalization of $1.88 billion, a P/E ratio of 11.71 and a beta of 0.74. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $271.60 million for the quarter, compared to the consensus estimate of $270.18 million. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. Equities research analysts expect that HighPeak Energy, Inc. will post 0.77 EPS for the current year.

HighPeak Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.08%. HighPeak Energy’s dividend payout ratio (DPR) is presently 12.60%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price objective on shares of HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Monday.

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.