California Public Employees Retirement System raised its position in Geopark Ltd (NYSE:GPRK) by 17.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 263,100 shares of the oil and gas company’s stock after acquiring an additional 38,600 shares during the quarter. California Public Employees Retirement System owned approximately 0.44% of Geopark worth $1,986,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Geopark in the second quarter valued at about $102,000. Sit Investment Associates Inc. increased its position in shares of Geopark by 147.5% in the second quarter. Sit Investment Associates Inc. now owns 14,600 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 8,700 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Geopark in the second quarter valued at about $129,000. Driehaus Capital Management LLC increased its position in shares of Geopark by 81.6% in the first quarter. Driehaus Capital Management LLC now owns 19,880 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 8,930 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in shares of Geopark in the second quarter valued at about $169,000. Hedge funds and other institutional investors own 14.42% of the company’s stock.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Geopark from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research report on Friday, October 27th. Canaccord Genuity assumed coverage on shares of Geopark in a research note on Thursday, September 21st. They set a “buy” rating and a $11.50 target price on the stock. Finally, GMP Securities reaffirmed a “buy” rating on shares of Geopark in a research note on Friday, August 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $11.21.

Geopark Company 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, 2016, the company had working and/or economic interests in 26 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field.

Institutional Ownership by Quarter for Geopark (NYSE:GPRK)

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