Russell Investments Group Ltd. raised its position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 20.3% during the second quarter, Holdings Channel reports. The firm owned 1,009,699 shares of the oil and gas producer’s stock after buying an additional 170,246 shares during the period. Russell Investments Group Ltd.’s holdings in Gulfport Energy Corporation were worth $14,891,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in shares of Gulfport Energy Corporation by 180.7% in the fourth quarter. FMR LLC now owns 263,282 shares of the oil and gas producer’s stock worth $5,697,000 after buying an additional 169,500 shares during the period. AQR Capital Management LLC boosted its stake in shares of Gulfport Energy Corporation by 30.0% in the fourth quarter. AQR Capital Management LLC now owns 28,800 shares of the oil and gas producer’s stock worth $623,000 after buying an additional 6,643 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Gulfport Energy Corporation by 2.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,130,901 shares of the oil and gas producer’s stock worth $24,473,000 after buying an additional 24,305 shares during the period. Teachers Advisors LLC boosted its stake in shares of Gulfport Energy Corporation by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 131,324 shares of the oil and gas producer’s stock worth $2,842,000 after buying an additional 6,361 shares during the period. Finally, Foundry Partners LLC boosted its stake in shares of Gulfport Energy Corporation by 23.0% in the first quarter. Foundry Partners LLC now owns 14,850 shares of the oil and gas producer’s stock worth $255,000 after buying an additional 2,775 shares during the period. Hedge funds and other institutional investors own 88.47% of the company’s stock.

Gulfport Energy Corporation (GPOR) traded up 3.97% during midday trading on Thursday, hitting $12.05. 4,220,961 shares of the stock traded hands. Gulfport Energy Corporation has a 12 month low of $10.90 and a 12 month high of $30.47. The company has a 50-day moving average of $13.43 and a 200-day moving average of $16.07. The stock’s market cap is $2.20 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.98% and a negative net margin of 15.02%. Gulfport Energy Corporation’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. On average, equities research analysts anticipate that Gulfport Energy Corporation will post $1.31 earnings per share for the current year.

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GPOR has been the topic of a number of research reports. Williams Capital restated a “buy” rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “buy” rating and set a $29.00 target price on shares of Gulfport Energy Corporation in a report on Friday, April 21st. Barclays PLC restated an “overweight” rating and set a $28.00 target price (down previously from $30.00) on shares of Gulfport Energy Corporation in a report on Saturday, April 22nd. Scotiabank set a $29.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a report on Monday, May 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $20.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.91.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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