Strs Ohio Has $166,000 Stake in Gulfport Energy Corporation $GPOR

Strs Ohio decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 79.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 800 shares of the company’s stock after selling 3,100 shares during the period. Strs Ohio’s holdings in Gulfport Energy were worth $166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GPOR. Millennium Management LLC lifted its holdings in Gulfport Energy by 1,281.6% in 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. Goldentree Asset Management LP acquired a new position in Gulfport Energy in the third quarter valued at $44,665,000. Whitebox Advisors LLC lifted its holdings in Gulfport Energy by 148.6% in the third quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after buying an additional 164,178 shares during the period. Principal Financial Group Inc. lifted its holdings in Gulfport Energy by 84.4% in the third quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after buying an additional 159,255 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Gulfport Energy by 93.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock valued at $56,807,000 after buying an additional 152,005 shares during the period.

Insider Activity

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the transaction, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Silver Point Capital L.P. sold 759,740 shares of Gulfport Energy stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total transaction of $155,154,102.80. Following the transaction, the director directly owned 2,690,145 shares in the company, valued at approximately $549,381,411.90. This represents a 22.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 876,258 shares of company stock worth $179,141,707. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GPOR shares. Truist Financial dropped their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a report on Friday. UBS Group dropped their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Bank of America upped their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.11.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $180.06 on Tuesday. Gulfport Energy Corporation has a 52 week low of $160.95 and a 52 week high of $225.78. The company’s 50 day moving average price is $199.18 and its two-hundred day moving average price is $199.87. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.24 billion, a P/E ratio of 6.15, a P/E/G ratio of 0.87 and a beta of 0.46.

Gulfport Energy (NYSE:GPOR) last posted its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a return on equity of 23.51% and a net margin of 35.72%.The firm had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million. On average, equities analysts predict that Gulfport Energy Corporation will post 24.31 earnings per share for the current year.

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.