Hodges Capital Management Inc. Raises Stock Holdings in Gulfport Energy Corporation $GPOR

Hodges Capital Management Inc. increased its holdings in shares of Gulfport Energy Corporation (NYSE:GPORFree Report) by 28.4% during 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 acquiring an additional 6,440 shares during the quarter. Hodges Capital Management Inc.’s holdings in Gulfport Energy were worth $6,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GPOR. GW&K Investment Management LLC increased its position in shares of Gulfport Energy by 8.9% during the 4th quarter. GW&K Investment Management LLC now owns 124,304 shares of the company’s stock valued at $25,855,000 after purchasing an additional 10,113 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Gulfport Energy in the 4th quarter worth about $242,000. Cerity Partners LLC grew its position in Gulfport Energy by 52.0% during the fourth quarter. Cerity Partners LLC now owns 6,880 shares of the company’s stock valued at $1,431,000 after buying an additional 2,353 shares during the period. Erste Asset Management GmbH purchased a new stake in Gulfport Energy during the fourth quarter worth about $772,000. Finally, Global Alpha Capital Management Ltd. increased its holdings in Gulfport Energy by 18.3% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 191,991 shares of the company’s stock worth $39,932,000 after buying an additional 29,631 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group dropped 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. Bank of America raised their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. JPMorgan Chase & Co. upped their price objective on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.22.

View Our Latest Stock Report on Gulfport Energy

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of the company’s 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 sale, the director directly owned 3,888 shares in the company, valued at approximately $829,699.20. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $167.20 on Thursday. 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 firm has a market capitalization of $3.00 billion, a PE ratio of 5.71 and a beta of 0.41. Gulfport Energy Corporation has a twelve month low of $160.95 and a twelve month high of $225.78. The company has a 50-day moving average price of $185.72 and a two-hundred day moving average price of $196.32.

Gulfport Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Gulfport Energy (NYSE:GPOR)

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