Hodges Capital Management Inc. Buys 6,440 Shares of Gulfport Energy Corporation $GPOR

Hodges Capital Management Inc. boosted its stake in Gulfport Energy Corporation (NYSE:GPOR) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,140 shares of the company’s stock after purchasing an additional 6,440 shares during the quarter. Hodges Capital Management Inc. owned about 0.15% of Gulfport Energy worth $6,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GPOR. Polymer Capital Management US LLC boosted its position in shares of Gulfport Energy by 3.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares in the last quarter. Allworth Financial LP increased its position in Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Gulfport Energy by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after buying an additional 94 shares during the period. King Luther Capital Management Corp raised its stake in Gulfport Energy by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after buying an additional 102 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after acquiring an additional 108 shares in the last quarter.

Insider Activity

In other news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director owned 3,888 shares in the company, valued at $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

Gulfport Energy Trading Up 0.4%

Shares of Gulfport Energy stock opened at $167.20 on Thursday. The company has a market capitalization of $3.00 billion, a P/E ratio of 5.71 and a beta of 0.41. The stock has a fifty day simple moving average of $185.72 and a 200 day simple moving average of $196.32. Gulfport Energy Corporation has a 12-month low of $160.95 and a 12-month high of $225.78. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Wall Street Analyst Weigh In

GPOR has been the subject of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. UBS Group cut their target price on 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 lifted their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.22.

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.