Geopark Ltd (GPRK) to Distribute Quarterly Dividend of $0.02 on September 2nd

Geopark Ltd (NYSE:GPRK) announced a quarterly dividend on Monday, August 3rd. Investors of record on Wednesday, August 19th will be paid a dividend of 0.023 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, August 19th.

Geopark has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Geopark has a payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings.

Geopark Stock Up 1.3%

GPRK traded up $0.12 during trading on Wednesday, hitting $9.50. The company had a trading volume of 167,157 shares, compared to its average volume of 773,110. The company has a market cap of $491.22 million, a PE ratio of 9.06 and a beta of 0.39. The business has a 50-day moving average of $9.99 and a 200-day moving average of $9.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 0.96. Geopark has a 1-year low of $5.75 and a 1-year high of $11.87.

Geopark (NYSE:GPRK) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.10. The company had revenue of $143.30 million during the quarter, compared to analyst estimates of $185.50 million. Geopark had a net margin of 11.74% and a return on equity of 36.71%.

Institutional Investors Weigh In On Geopark

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in Geopark by 86.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,775 shares of the oil and gas company’s stock worth $50,000 after buying an additional 3,134 shares in the last quarter. StoneX Group Inc. acquired a new position in Geopark during the 4th quarter worth $101,000. PharVision Advisers LLC bought a new position in shares of Geopark in the third quarter worth $117,000. Graham Capital Management L.P. bought a new position in shares of Geopark in the fourth quarter worth $139,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Geopark by 2,588.2% during the fourth quarter. Osaic Holdings Inc. now owns 19,113 shares of the oil and gas company’s stock valued at $142,000 after purchasing an additional 18,402 shares during the period. Institutional investors and hedge funds own 68.21% of the company’s stock.

Geopark Company Profile

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.