Russell Investments Group Ltd. Buys 96,821 Shares of GeoPark Ltd (GPRK)

Russell Investments Group Ltd. raised its holdings in GeoPark Ltd (NYSE:GPRK) by 359.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,785 shares of the oil and gas company’s stock after purchasing an additional 96,821 shares during the period. Russell Investments Group Ltd. owned about 0.21% of GeoPark worth $2,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GPRK. Eqis Capital Management Inc. bought a new position in shares of GeoPark in the second quarter worth approximately $205,000. Cavalier Investments LLC bought a new position in shares of GeoPark in the second quarter worth approximately $691,000. Engineers Gate Manager LP bought a new position in shares of GeoPark in the second quarter worth approximately $1,052,000. EAM Investors LLC bought a new position in shares of GeoPark in the second quarter worth approximately $1,443,000. Finally, EAM Global Investors LLC bought a new position in shares of GeoPark in the second quarter worth approximately $4,851,000. 33.93% of the stock is currently owned by institutional investors.

GPRK has been the topic of several analyst reports. ValuEngine upgraded shares of GeoPark from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Canaccord Genuity restated a “buy” rating and set a $25.00 price objective on shares of GeoPark in a research report on Thursday, August 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $19.25.

Shares of GeoPark stock opened at $15.37 on Friday. The company has a market cap of $921.29 million, a P/E ratio of 27.95 and a beta of 0.20. GeoPark Ltd has a twelve month low of $8.40 and a twelve month high of $21.88. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.26 and a current ratio of 1.32.

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GeoPark Profile

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, 2017, the company had working and/or economic interests in 24 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

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Institutional Ownership by Quarter for GeoPark (NYSE:GPRK)

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