Profund Advisors LLC Reduces Holdings in Gulfport Energy Corporation (GPOR)

Profund Advisors LLC lessened its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 25.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,991 shares of the oil and gas producer’s stock after selling 7,531 shares during the period. Profund Advisors LLC’s holdings in Gulfport Energy Corporation were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Gulfport Energy Corporation by 13,258.8% during the 1st quarter. BlackRock Inc. now owns 22,591,500 shares of the oil and gas producer’s stock valued at $388,348,000 after purchasing an additional 22,422,387 shares during the last quarter. Boston Partners boosted its holdings in shares of Gulfport Energy Corporation by 3.8% during the 2nd quarter. Boston Partners now owns 12,524,347 shares of the oil and gas producer’s stock valued at $184,734,000 after purchasing an additional 460,406 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Gulfport Energy Corporation by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,487,255 shares of the oil and gas producer’s stock valued at $214,656,000 after purchasing an additional 559,602 shares during the last quarter. State Street Corp boosted its holdings in shares of Gulfport Energy Corporation by 27.4% during the 1st quarter. State Street Corp now owns 6,463,912 shares of the oil and gas producer’s stock valued at $111,114,000 after purchasing an additional 1,389,369 shares during the last quarter. Finally, UBS Oconnor LLC boosted its holdings in shares of Gulfport Energy Corporation by 19.3% during the 1st quarter. UBS Oconnor LLC now owns 4,095,679 shares of the oil and gas producer’s stock valued at $70,405,000 after purchasing an additional 661,485 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

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Gulfport Energy Corporation (GPOR) opened at 14.38 on Friday. The firm has a 50 day moving average of $13.26 and a 200-day moving average of $14.32. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47. The stock’s market cap is $2.63 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business had revenue of $323.90 million during the quarter, compared to analysts’ expectations of $279.59 million. During the same quarter in the prior year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 1052.7% on a year-over-year basis. On average, analysts expect that Gulfport Energy Corporation will post $1.39 earnings per share for the current year.

GPOR has been the subject of several research reports. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday. Piper Jaffray Companies reissued an “overweight” rating and set a $21.00 price objective (down previously from $22.00) on shares of Gulfport Energy Corporation in a report on Tuesday, August 22nd. BidaskClub upgraded shares of Gulfport Energy Corporation from a “sell” rating to a “hold” rating in a research report 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 report on Monday, July 31st. Finally, Imperial Capital started coverage on shares of Gulfport Energy Corporation in a research report on Tuesday, September 19th. They set an “outperform” rating and a $19.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $23.82.

Gulfport Energy Corporation 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.

Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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