Vanguard Group Inc. Raises Position in Gulfport Energy Corporation $GPOR

Vanguard Group Inc. lifted its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078,379 shares of the company’s stock after purchasing an additional 68,664 shares during the quarter. Vanguard Group Inc. owned about 6.14% of Gulfport Energy worth $195,165,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Gulfport Energy by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after acquiring an additional 181 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Gulfport Energy by 14.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock worth $17,631,000 after purchasing an additional 12,327 shares in the last quarter. Intech Investment Management LLC grew its position in Gulfport Energy by 11.6% during the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock worth $1,178,000 after purchasing an additional 665 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Gulfport Energy by 35.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,059 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Gulfport Energy in the second quarter worth $1,194,000.

Analysts Set New Price Targets

GPOR has been the topic of a number of research analyst reports. Evercore boosted their price objective on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday, December 29th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Mizuho increased their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $227.20.

Insiders Place Their Bets

In other news, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total transaction of $536,850.00. Following the completion of the transaction, the director directly owned 31,255 shares of the company’s stock, valued at $6,711,698.70. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the completion of the sale, the director directly owned 3,449,885 shares in the company, valued at $757,456,750.60. This represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 63,523 shares of company stock worth $13,420,727. 0.33% of the stock is owned by company insiders.

Gulfport Energy Trading Up 3.3%

Gulfport Energy stock opened at $208.69 on Monday. The firm has a market cap of $3.87 billion, a PE ratio of 10.27 and a beta of 0.61. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The stock’s 50 day simple moving average is $197.31 and its two-hundred day simple moving average is $191.83. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The firm had revenue of $398.19 million for the quarter, compared to analysts’ expectations of $373.24 million.

Gulfport Energy Profile

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.