Geopark Ltd (GPRK) to Issue Quarterly Dividend of $0.02 on June 4th

Geopark Ltd (NYSE:GPRK) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, May 20th will be given a dividend of 0.023 per share by the oil and gas company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, May 20th.

Geopark has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 3 years. Geopark has a dividend payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings.

Geopark Stock Performance

NYSE:GPRK opened at $9.18 on Friday. The stock has a fifty day moving average price of $9.11 and a 200-day moving average price of $8.22. The company has a market cap of $474.41 million, a price-to-earnings ratio of 8.74 and a beta of 0.35. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.51 and a current ratio of 1.60. Geopark has a fifty-two week low of $5.75 and a fifty-two week high of $10.34.

Geopark (NYSE:GPRK) last released its earnings results on Wednesday, May 6th. The oil and gas company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $140.00 million. Geopark had a return on equity of 39.77% and a net margin of 11.74%.

Insider Buying and Selling at Geopark

In related news, Director James Franklin Park sold 100,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $8.83, for a total transaction of $883,000.00. Following the completion of the sale, the director directly owned 912,118 shares in the company, valued at $8,054,001.94. This represents a 9.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Geopark

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its position in shares of Geopark by 4.7% during the 4th quarter. State Street Corp now owns 26,987 shares of the oil and gas company’s stock worth $200,000 after buying an additional 1,216 shares during the last quarter. Fox Run Management L.L.C. increased its holdings in Geopark by 4.6% in the 4th quarter. Fox Run Management L.L.C. now owns 52,100 shares of the oil and gas company’s stock worth $386,000 after purchasing an additional 2,279 shares in the last quarter. Glenorchy Capital Ltd increased its holdings in Geopark by 1.4% in the 2nd quarter. Glenorchy Capital Ltd now owns 181,274 shares of the oil and gas company’s stock worth $1,182,000 after purchasing an additional 2,562 shares in the last quarter. State of Wyoming increased its holdings in Geopark by 39.2% in the 3rd quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Nebula Research & Development LLC increased its holdings in Geopark by 11.5% in the 2nd quarter. Nebula Research & Development LLC now owns 27,028 shares of the oil and gas company’s stock worth $176,000 after purchasing an additional 2,793 shares in the last quarter. 68.21% of the stock is currently owned by institutional investors.

About Geopark

Geopark Ltd. (NYSE:GPRK) is an independent oil and gas exploration and production company focused on Latin America. Founded in 2002 and with corporate offices in Canada and regional headquarters in Bogotá, Colombia, Geopark pursues the discovery and development of unconventional and conventional hydrocarbon resources. The company’s strategy emphasizes asset consolidation in established basins alongside disciplined capital allocation to maximize production efficiency.

The company’s core operations are centered in Colombia’s Llanos Basin, where it holds interests in several producing blocks that deliver light crude oil to local and export markets.