Caxton Associates LLP Sells 3,638 Shares of Gulfport Energy Corporation $GPOR

Caxton Associates LLP lowered its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 36.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 6,423 shares of the company’s stock after selling 3,638 shares during the quarter. Caxton Associates LLP’s holdings in Gulfport Energy were worth $1,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GPOR. Assenagon Asset Management S.A. boosted its holdings in shares of Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after buying an additional 458,156 shares during the last quarter. Millennium Management LLC grew its position in Gulfport Energy by 1,281.6% during the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after buying an additional 395,197 shares during the period. Ninepoint Partners LP purchased a new stake in Gulfport Energy during the fourth quarter valued at approximately $41,598,000. Victory Capital Management Inc. increased its holdings in Gulfport Energy by 50.3% during the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after buying an additional 176,386 shares during the last quarter. Finally, Whitebox Advisors LLC raised its position in Gulfport Energy by 148.6% in the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock worth $49,702,000 after acquiring an additional 164,178 shares during the period.

Wall Street Analyst Weigh In

GPOR has been the topic of several analyst reports. UBS Group dropped their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings lowered Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Truist Financial lowered their target price on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Gulfport Energy currently has an average rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $157.07 on Friday. The company has a market capitalization of $2.82 billion, a P/E ratio of 5.37 and a beta of 0.41. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78. The firm’s 50 day simple moving average is $165.15 and its two-hundred day simple moving average is $185.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

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.