Vanguard Group Inc. Cuts Stake in Gulfport Energy Corporation $GPOR

Vanguard Group Inc. reduced its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,047,130 shares of the company’s stock after selling 31,249 shares during the period. Vanguard Group Inc. owned 0.05% of Gulfport Energy worth $217,793,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. State Street Corp raised its position in shares of Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after buying an additional 8,668 shares during the period. Millennium Management LLC raised its position in shares of Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock worth $77,104,000 after buying an additional 395,197 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Gulfport Energy by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock worth $80,630,000 after buying an additional 36,953 shares during the period. Victory Capital Management Inc. raised its position in shares of Gulfport Energy by 67.9% in the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock worth $63,525,000 after buying an additional 142,002 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Gulfport Energy by 84.4% in the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock worth $62,956,000 after buying an additional 159,255 shares during the period.

Insider Activity at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of Gulfport Energy stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the sale, the director owned 26,255 shares in the company, valued at $5,480,206.15. This trade represents a 16.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of Gulfport Energy stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the sale, the chief financial officer owned 18,473 shares in the company, valued at $3,892,261.10. This represents a 47.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 876,258 shares of company stock valued at $179,141,707. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on GPOR. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Bank of America raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Mizuho raised their price target on shares of Gulfport Energy from $248.00 to $251.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, UBS Group cut their price target 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gulfport Energy has an average rating of “Moderate Buy” and an average target price of $230.11.

Gulfport Energy Trading Down 0.2%

NYSE:GPOR opened at $178.53 on Friday. The business’s 50-day moving average is $200.06 and its two-hundred day moving average is $199.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.68. Gulfport Energy Corporation has a 12 month low of $160.95 and a 12 month high of $225.78. The firm has a market capitalization of $3.21 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.87 and a beta of 0.46.

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

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.