Victory Capital Management Inc. Buys 269,281 Shares of Geopark Ltd (GPRK)
Victory Capital Management Inc. raised its stake in shares of Geopark Ltd (NYSE:GPRK) by 1,202.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,683 shares of the oil and gas company’s stock after buying an additional 269,281 shares during the period. Victory Capital Management Inc. owned 0.49% of Geopark worth $2,555,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ingalls & Snyder LLC bought a new position in shares of Geopark in the third quarter worth about $105,000. Navellier & Associates Inc bought a new position in shares of Geopark in the second quarter worth about $171,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Geopark in the second quarter worth about $114,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Geopark in the second quarter worth about $635,000. Finally, Fred Alger Management Inc. increased its stake in shares of Geopark by 17.2% in the second quarter. Fred Alger Management Inc. now owns 60,705 shares of the oil and gas company’s stock worth $458,000 after purchasing an additional 8,925 shares during the period. Institutional investors own 14.90% of the company’s stock.
A number of equities analysts have recently commented on GPRK shares. GMP Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of Geopark in a research note on Friday, August 11th. Zacks Investment Research upgraded Geopark from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Canaccord Genuity started coverage on Geopark in a research note on Thursday, September 21st. They issued a “buy” rating and a $11.50 price objective on the stock. Finally, Scotiabank lifted their price objective on Geopark from $10.00 to $10.50 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.11.
Geopark Ltd (GPRK) opened at $9.34 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.05 and a debt-to-equity ratio of 2.12. Geopark Ltd has a 12 month low of $4.04 and a 12 month high of $9.98.
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, Peru, and Argentina. As of December 31, 2016, the company had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.
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