HighPeak Energy, Inc. (NASDAQ:HPK) Stock Holdings Increased by Empowered Funds LLC

Empowered Funds LLC lifted its stake in HighPeak Energy, Inc. (NASDAQ:HPK) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 182,743 shares of the company’s stock after purchasing an additional 8,855 shares during the quarter. Empowered Funds LLC’s holdings in HighPeak Energy were worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HPK. SG Americas Securities LLC purchased a new stake in shares of HighPeak Energy in the third quarter worth approximately $107,000. Blue Trust Inc. raised its position in HighPeak Energy by 101.1% during the third quarter. Blue Trust Inc. now owns 5,678 shares of the company’s stock valued at $80,000 after acquiring an additional 2,854 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in HighPeak Energy by 24.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 182,274 shares of the company’s stock valued at $2,530,000 after acquiring an additional 35,483 shares in the last quarter. FMR LLC raised its position in HighPeak Energy by 766.6% during 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 in the last quarter. Finally, State Street Corp raised its position in HighPeak Energy by 135.1% during the third quarter. State Street Corp now owns 707,425 shares of the company’s stock valued at $9,819,000 after acquiring an additional 406,536 shares in the last quarter. 24.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial raised their price objective on shares of HighPeak Energy from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, January 13th.

HighPeak Energy Price Performance

Shares of HPK opened at $14.27 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of 11.24 and a beta of 0.73. The firm’s 50 day moving average price is $14.36 and its 200 day moving average price is $14.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.93 and a current ratio of 0.96. HighPeak Energy, Inc. has a twelve month low of $12.48 and a twelve month high of $17.48.

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.