Oppenheimer Asset Management Inc. cut its holdings in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,501 shares of the oil and gas producer’s stock after selling 458 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Gulfport Energy Corporation were worth $406,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GPOR. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Gulfport Energy Corporation by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 712 shares during the last quarter. Elkfork Partners LLC lifted its stake in Gulfport Energy Corporation by 38.4% during the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock valued at $115,000 after purchasing an additional 1,848 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in Gulfport Energy Corporation by 38.4% during the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 2,352 shares during the last quarter. World Asset Management Inc acquired a new stake in Gulfport Energy Corporation during the second quarter valued at approximately $150,000. Finally, LS Investment Advisors LLC lifted its stake in Gulfport Energy Corporation by 20.5% during the first quarter. LS Investment Advisors LLC now owns 10,285 shares of the oil and gas producer’s stock valued at $177,000 after purchasing an additional 1,747 shares during the last quarter. 86.78% of the stock is owned by institutional investors and hedge funds.

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Gulfport Energy Corporation (GPOR) opened at 13.35 on Friday. The firm has a 50-day moving average of $12.25 and a 200 day moving average of $14.61. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. The firm’s market cap is $2.44 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $323.90 million for the quarter, compared to the consensus estimate of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business’s quarterly revenue was up 1052.7% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Analysts expect that Gulfport Energy Corporation will post $1.41 earnings per share for the current fiscal year.

Several analysts recently commented on GPOR shares. Piper Jaffray Companies reissued an “overweight” rating and set a $21.00 target price (down from $22.00) on shares of Gulfport Energy Corporation in a research note on Tuesday, August 22nd. ValuEngine lowered shares of Gulfport Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus cut their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.14.

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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