3,559 Shares in Gulfport Energy Corporation $GPOR Acquired by Foster & Motley Inc.

Foster & Motley Inc. bought a new position in shares of Gulfport Energy Corporation (NYSE:GPOR) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 3,559 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GPOR. Central Pacific Bank Trust Division raised its stake in Gulfport Energy by 9.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 940 shares of the company’s stock valued at $160,000 after acquiring an additional 80 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Gulfport Energy in the 1st quarter valued at $362,000. Bank of America Corp DE grew its holdings in shares of Gulfport Energy by 50.3% during the 1st quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after purchasing an additional 50,968 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Gulfport Energy by 4.2% in the 1st quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock worth $47,323,000 after purchasing an additional 9,095 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Gulfport Energy by 25.3% during the first quarter. California State Teachers Retirement System now owns 18,797 shares of the company’s stock valued at $3,977,000 after acquiring an additional 3,798 shares during the last quarter.

Gulfport Energy Stock Performance

NYSE GPOR opened at $172.90 on Thursday. The company’s 50 day moving average is $161.54 and its 200-day moving average is $182.50. Gulfport Energy Corporation has a 12-month low of $149.18 and a 12-month high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.06 billion, a P/E ratio of 6.92 and a beta of 0.41.

Insider Transactions at Gulfport Energy

In related news, CEO Domenic J. Dell’osso, Jr. purchased 1,600 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the completion of the transaction, the chief executive officer directly owned 24,349 shares in the company, valued at approximately $3,910,692.89. This represents a 7.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

GPOR has been the subject of several recent analyst reports. Weiss Ratings cut shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. UBS Group cut their target price on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Finally, Truist Financial reduced their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $223.11.

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.