Hodges Capital Management Inc. Reduces Holdings in Gulfport Energy Corporation $GPOR

Hodges Capital Management Inc. reduced its position in Gulfport Energy Corporation (NYSE:GPOR) by 26.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,700 shares of the company’s stock after selling 8,100 shares during the period. Hodges Capital Management Inc. owned 0.13% of Gulfport Energy worth $4,108,000 at the end of the most recent quarter.

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

Gulfport Energy Trading Down 4.0%

Shares of GPOR opened at $195.71 on Wednesday. Gulfport Energy Corporation has a twelve month low of $153.27 and a twelve month high of $225.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $3.78 billion, a P/E ratio of -103.01 and a beta of 0.61. The firm’s 50-day moving average is $197.74 and its two-hundred day moving average is $190.00.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. KeyCorp boosted their target price on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Evercore upped their price target on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average price target of $230.88.

Insider Transactions at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 244,489 shares of Gulfport Energy stock in a transaction on Monday, December 1st. The stock was sold at an average price of $219.56, for a total transaction of $53,680,004.84. Following the completion of the transaction, the director directly owned 3,495,431 shares of the company’s stock, valued at approximately $767,456,830.36. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Timothy J. Cutt sold 2,500 shares of the company’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total value of $536,850.00. Following the completion of the sale, the director directly owned 31,255 shares in the company, valued at $6,711,698.70. This trade represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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 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.