Geopark Ltd (NYSE:GPRK) to Issue Quarterly Dividend of $0.03

Geopark Ltd (NYSE:GPRK) announced a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.03 per share by the oil and gas company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, March 11th.

Geopark has increased its dividend payment by an average of 0.7%annually over the last three years and has increased its dividend every year for the last 3 years. Geopark has a payout ratio of 13.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Geopark to earn $2.85 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.2%.

Geopark Price Performance

GPRK stock traded up $0.30 during mid-day trading on Thursday, hitting $8.68. 207,032 shares of the stock were exchanged, compared to its average volume of 682,736. The business has a fifty day moving average price of $7.83 and a 200 day moving average price of $7.28. Geopark has a 12 month low of $5.66 and a 12 month high of $9.09. The company has a debt-to-equity ratio of 2.70, a current ratio of 2.63 and a quick ratio of 2.57. The stock has a market capitalization of $444.85 million, a price-to-earnings ratio of 13.35 and a beta of 0.47.

Geopark (NYSE:GPRK) last announced its quarterly earnings data on Wednesday, February 25th. The oil and gas company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.61. The company had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $120.00 million. Geopark had a return on equity of 33.42% and a net margin of 6.45%. On average, sell-side analysts anticipate that Geopark will post 1.97 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in Geopark by 86.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 3,134 shares during the period. State of Wyoming increased its position in shares of Geopark by 39.2% in the third quarter. State of Wyoming now owns 9,727 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 2,740 shares during the period. Entropy Technologies LP bought a new position in shares of Geopark during the second quarter valued at about $99,000. StoneX Group Inc. purchased a new stake in shares of Geopark during the fourth quarter worth about $101,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Geopark during the third quarter worth about $117,000. 68.21% of the stock is owned by hedge funds and other 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.