Islay Capital Management LLC Has $181,000 Position in HighPeak Energy, Inc. (NASDAQ:HPK)

Islay Capital Management LLC trimmed its position in shares of HighPeak Energy, Inc. (NASDAQ:HPK) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,300 shares of the company’s stock after selling 2,350 shares during the period. Islay Capital Management LLC’s holdings in HighPeak Energy were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in HighPeak Energy by 17.3% in the third quarter. Geode Capital Management LLC now owns 563,822 shares of the company’s stock worth $7,827,000 after acquiring an additional 82,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in HighPeak Energy by 24.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock worth $2,530,000 after purchasing an additional 35,483 shares in the last quarter. Rhumbline Advisers increased its position in HighPeak Energy by 151.8% during the fourth quarter. Rhumbline Advisers now owns 52,352 shares of the company’s stock worth $770,000 after buying an additional 31,558 shares during the last quarter. State Street Corp lifted its position in shares of HighPeak Energy by 135.1% in the third quarter. State Street Corp now owns 707,425 shares of the company’s stock worth $9,819,000 after buying an additional 406,536 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of HighPeak Energy by 346.6% during the 3rd quarter. Barclays PLC now owns 24,911 shares of the company’s stock worth $346,000 after acquiring an additional 19,333 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

HighPeak Energy Stock Performance

NASDAQ:HPK opened at $9.69 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 7.63 and a beta of 0.82. HighPeak Energy, Inc. has a 1 year low of $9.54 and a 1 year high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $13.95.

HighPeak Energy (NASDAQ:HPK) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). HighPeak Energy had a return on equity of 14.83% and a net margin of 15.94%. The business had revenue of $234.81 million during the quarter, compared to the consensus estimate of $247.32 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, sell-side analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 3rd were paid a $0.04 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 1.65%. HighPeak Energy’s payout ratio is 23.88%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, March 13th.

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.