HighPeak Energy, Inc. (NASDAQ:HPK) Stock Position Boosted by Empowered Funds LLC

Empowered Funds LLC boosted its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 5.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,743 shares of the company’s stock after buying an additional 8,855 shares during the period. Empowered Funds LLC owned 0.14% of HighPeak Energy worth $2,686,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HPK. State Street Corp boosted its position 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 valued at $9,819,000 after purchasing an additional 406,536 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of HighPeak Energy by 17.3% during the 3rd quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock valued at $7,827,000 after purchasing an additional 82,988 shares in the last quarter. Sanders Morris Harris LLC boosted its position in shares of HighPeak Energy by 11.4% during the 4th quarter. Sanders Morris Harris LLC now owns 361,646 shares of the company’s stock valued at $5,253,000 after purchasing an additional 37,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $2,530,000 after purchasing an additional 35,483 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of HighPeak Energy by 346.6% during the 3rd quarter. Barclays PLC now owns 24,911 shares of the company’s stock valued at $346,000 after purchasing an additional 19,333 shares in the last quarter. Institutional investors own 24.13% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial raised their target price on shares of HighPeak Energy from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, January 13th.

HighPeak Energy Stock Performance

Shares of HPK opened at $14.27 on Friday. HighPeak Energy, Inc. has a one year low of $12.48 and a one year high of $17.48. The company has a 50-day moving average of $14.36 and a two-hundred day moving average of $14.57. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 11.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.93.

HighPeak Energy Company 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.