Rhumbline Advisers Cuts Stake in Gulfport Energy Corporation $GPOR

Rhumbline Advisers decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 16.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,622 shares of the company’s stock after selling 4,389 shares during the period. Rhumbline Advisers owned about 0.13% of Gulfport Energy worth $4,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Financial Consulate Inc. purchased a new position in Gulfport Energy during the third quarter worth about $31,000. Federated Hermes Inc. increased its position in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after buying an additional 585 shares during the period.

Analysts Set New Price Targets

GPOR has been the topic of a number of recent analyst reports. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. KeyCorp boosted their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Wall Street Zen upgraded shares of Gulfport Energy from a “hold” rating to a “buy” rating in a report on Sunday, January 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Monday, December 29th. Finally, UBS Group boosted their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $227.20.

Insider Buying and Selling at Gulfport Energy

In related news, COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the completion of the transaction, the chief operating officer directly owned 12,893 shares in the company, valued at $2,405,962.73. The trade was a 45.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Lester Zitkus sold 4,745 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total value of $881,099.05. Following the sale, the senior vice president owned 7,821 shares in the company, valued at approximately $1,452,281.49. This trade represents a 37.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 308,012 shares of company stock valued at $67,100,732. Company insiders own 0.33% of the company’s stock.

Gulfport Energy Trading Down 0.8%

NYSE:GPOR opened at $196.45 on Wednesday. Gulfport Energy Corporation has a 52-week low of $153.27 and a 52-week high of $225.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $197.14 and a 200-day simple moving average of $191.06. The company has a market capitalization of $3.80 billion, a PE ratio of -103.40 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%.

About Gulfport Energy

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.