Gulfport Energy Corporation $GPOR Stock Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its stake in Gulfport Energy Corporation (NYSE:GPOR) by 11.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,017 shares of the company’s stock after selling 40,594 shares during the quarter. Principal Financial Group Inc.’s holdings in Gulfport Energy were worth $65,590,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keybank National Association OH lifted its holdings in shares of Gulfport Energy by 1.2% during the first quarter. Keybank National Association OH now owns 5,881 shares of the company’s stock valued at $1,244,000 after purchasing an additional 67 shares during the last quarter. Polymer Capital Management US LLC raised its holdings in 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 buying an additional 81 shares during the period. Allworth Financial LP lifted its stake in Gulfport Energy by 113.3% during the fourth 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 lifted its stake in Gulfport Energy by 3.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock valued at $615,000 after buying an additional 94 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its holdings in shares of Gulfport Energy by 0.4% in the fourth 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GPOR shares. Truist Financial dropped their target price on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. UBS Group cut their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Weiss Ratings lowered Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $227.00.

Gulfport Energy Trading Up 0.3%

NYSE:GPOR opened at $153.74 on Friday. The stock has a market cap of $2.76 billion, a PE ratio of 5.25 and a beta of 0.41. Gulfport Energy Corporation has a fifty-two week low of $149.60 and a fifty-two week high of $225.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average is $168.17 and its two-hundred day moving average is $187.55.

Gulfport Energy Company 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.