Municipal Employees Retirement System of Michigan decreased its position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,840 shares of the oil and gas producer’s stock after selling 10,240 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Gulfport Energy Corporation were worth $897,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in 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 in the last quarter. Teachers Advisors LLC raised its stake in 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 in the last quarter. Foundry Partners LLC raised its stake in 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 in the last quarter. Bank of Montreal Can raised its stake in Gulfport Energy Corporation by 1.8% in the first quarter. Bank of Montreal Can now owns 64,073 shares of the oil and gas producer’s stock worth $1,101,000 after buying an additional 1,137 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Gulfport Energy Corporation by 23.3% in the first quarter. Capstone Asset Management Co. now owns 12,762 shares of the oil and gas producer’s stock worth $219,000 after buying an additional 2,410 shares in the last quarter. Institutional investors own 88.47% of the company’s stock.

Shares of Gulfport Energy Corporation (GPOR) opened at 11.90 on Friday. The firm’s 50-day moving average is $13.35 and its 200 day moving average is $15.97. The company’s market cap is $2.18 billion. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The business had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. Gulfport Energy Corporation’s revenue was up 1052.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts expect that Gulfport Energy Corporation will post $1.34 EPS for the current fiscal year.

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

Gulfport Energy Corporation Company Profile

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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