Creative Financial Designs Inc. ADV Acquires 8,400 Shares of HighPeak Energy, Inc. (NASDAQ:HPK)

Creative Financial Designs Inc. ADV increased its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 303,774 shares of the company’s stock after acquiring an additional 8,400 shares during the period. Creative Financial Designs Inc. ADV’s holdings in HighPeak Energy were worth $4,465,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of HighPeak Energy by 766.6% in the third quarter. FMR LLC now owns 8,016 shares of the company’s stock valued at $111,000 after acquiring an additional 7,091 shares during the period. AlphaQuest LLC boosted its stake in shares of HighPeak Energy by 509.9% during the 4th quarter. AlphaQuest LLC now owns 8,045 shares of the company’s stock worth $118,000 after purchasing an additional 6,726 shares during the period. Raymond James Financial Inc. bought a new position in HighPeak Energy during the 4th quarter valued at about $148,000. Blue Trust Inc. raised its position in HighPeak Energy by 109.8% in the 4th quarter. Blue Trust Inc. now owns 11,914 shares of the company’s stock worth $165,000 after purchasing an additional 6,236 shares during the period. Finally, SG Americas Securities LLC lifted its stake in HighPeak Energy by 81.2% in the fourth quarter. SG Americas Securities LLC now owns 14,035 shares of the company’s stock worth $206,000 after purchasing an additional 6,291 shares during the last quarter. 24.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial cut their target price on HighPeak Energy from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Thursday.

HighPeak Energy Stock Up 7.3 %

NASDAQ:HPK opened at $11.98 on Monday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 9.43 and a beta of 0.76. HighPeak Energy, Inc. has a twelve month low of $10.66 and a twelve month high of $17.48. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $13.62 and a 200-day simple moving average of $14.18.

HighPeak Energy (NASDAQ:HPK) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The company had revenue of $234.81 million for the quarter, compared to the consensus estimate of $247.32 million. HighPeak Energy had a net margin of 15.94% and a return on equity of 14.83%. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. Analysts anticipate that HighPeak Energy, Inc. will post 0.78 EPS for the current year.

HighPeak Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Monday, March 3rd will be issued a $0.04 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.34%. HighPeak Energy’s payout ratio is 23.88%.

HighPeak Energy Company Profile

HighPeak Energy, Inc, an independent oil and natural gas company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids reserves in the Permian Basin in West Texas and Eastern New Mexico. The company was incorporated in 2019 and is headquartered in Fort Worth, Texas.