Pictet Asset Management Holding SA decreased its position in Gulfport Energy Corporation (NYSE:GPOR – Free Report) by 9.4% in the 1st quarter, HoldingsChannel reports. The firm owned 149,652 shares of the company’s stock after selling 15,605 shares during the period. Pictet Asset Management Holding SA’s holdings in Gulfport Energy were worth $31,662,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPOR. Advisory Services Network LLC purchased a new stake in shares of Gulfport Energy during the third quarter worth about $28,000. Allworth Financial LP raised its position in shares of Gulfport Energy by 113.3% in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Gulfport Energy during the fourth quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Gulfport Energy by 866.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock worth $84,000 after acquiring an additional 364 shares during the last quarter.
Insiders Place Their Bets
In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director owned 3,888 shares in the company, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on GPOR
Gulfport Energy Price Performance
GPOR opened at $169.82 on Wednesday. Gulfport Energy Corporation has a 1 year low of $158.91 and a 1 year high of $225.78. The company’s 50 day simple moving average is $174.90 and its 200 day simple moving average is $191.28. The stock has a market capitalization of $3.05 billion, a PE ratio of 5.80 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56.
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.
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