Ellevest Inc. Boosts Holdings in HighPeak Energy, Inc. (NASDAQ:HPK)

Posted by Defense World Staff on Apr 28th, 2023

Ellevest Inc. lifted its stake in shares of HighPeak Energy, Inc. (NASDAQ:HPK – Get Rating) by 165.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,512 shares of the company’s stock after acquiring an additional 1,565 shares during the period. Ellevest Inc.’s holdings in HighPeak Energy were worth $57,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd grew its holdings in shares of HighPeak Energy by 81.3% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,271 shares of the company’s stock worth $28,000 after purchasing an additional 570 shares during the period. Worth Asset Management LLC grew its stake in HighPeak Energy by 116.6% during the fourth quarter. Worth Asset Management LLC now owns 1,282 shares of the company’s stock worth $29,000 after buying an additional 690 shares during the period. Vanguard Group Inc. grew its stake in HighPeak Energy by 6.0% during the first quarter. Vanguard Group Inc. now owns 21,621 shares of the company’s stock worth $480,000 after buying an additional 1,218 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of HighPeak Energy by 13.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,965 shares of the company’s stock worth $266,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of HighPeak Energy by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 75,951 shares of the company’s stock valued at $1,687,000 after acquiring an additional 1,759 shares during the period. 19.60% of the stock is owned by institutional investors and hedge funds.

HighPeak Energy Stock Up 2.0 %

NASDAQ HPK opened at $19.41 on Friday. The stock has a market cap of $2.20 billion, a PE ratio of 10.49 and a beta of 0.72. The business has a 50 day moving average price of $23.84 and a two-hundred day moving average price of $23.79. HighPeak Energy, Inc. has a fifty-two week low of $18.47 and a fifty-two week high of $37.36. The company has a quick ratio of 0.49, a current ratio of 0.54 and a debt-to-equity ratio of 0.60.

HighPeak Energy (NASDAQ:HPK – Get Rating) last announced its earnings results on Tuesday, March 7th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.30). HighPeak Energy had a net margin of 31.34% and a return on equity of 30.92%. The firm had revenue of $257.92 million during the quarter, compared to analysts’ expectations of $253.49 million. During the same quarter last year, the company posted $0.38 earnings per share. As a group, sell-side analysts predict that HighPeak Energy, Inc. will post 3.74 EPS for the current fiscal year.

HighPeak Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, April 28th. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. HighPeak Energy’s dividend payout ratio is presently 5.41%.

Analyst Ratings Changes

Separately, Truist Financial began coverage on shares of HighPeak Energy in a research report on Monday. They set a “sell” rating and a $10.00 price target for the company.

About HighPeak Energy

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Pure Acquisition Corp. engages in the provision of merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination. It focuses on energy industry with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on November 13, 2017 and is headquartered in Fort Worth, TX.