Strs Ohio Sells 3,100 Shares of Gulfport Energy Corporation $GPOR

Strs Ohio reduced its stake in shares of Gulfport Energy Corporation (NYSE:GPORFree Report) by 79.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 800 shares of the company’s stock after selling 3,100 shares during the period. Strs Ohio’s holdings in Gulfport Energy were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPOR. Millennium Management LLC grew its position in shares of Gulfport Energy by 1,281.6% during the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the period. Goldentree Asset Management LP bought a new position in shares of Gulfport Energy during the 3rd quarter valued at approximately $44,665,000. Whitebox Advisors LLC grew its position in shares of Gulfport Energy by 148.6% during the 3rd quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after acquiring an additional 164,178 shares during the period. Principal Financial Group Inc. grew its position in shares of Gulfport Energy by 84.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after acquiring an additional 159,255 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Gulfport Energy by 93.9% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock valued at $56,807,000 after acquiring an additional 152,005 shares during the period.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $180.06 on Tuesday. 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 Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The firm’s fifty day moving average price is $199.18 and its 200-day moving average price is $199.87. The stock has a market cap of $3.24 billion, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 0.87 and a beta of 0.46.

Gulfport Energy (NYSE:GPORGet Free Report) last released its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%. The business had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million. On average, equities research analysts expect that Gulfport Energy Corporation will post 24.31 earnings per share for the current fiscal year.

Insider Activity at Gulfport Energy

In related news, Director Timothy J. Cutt sold 5,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the transaction, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This trade represents a 16.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael L. Hodges sold 16,769 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the transaction, the chief financial officer directly owned 18,473 shares in the company, valued at approximately $3,892,261.10. This represents a 47.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 876,258 shares of company stock worth $179,141,707 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GPOR. JPMorgan Chase & Co. increased their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. UBS Group lowered their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Mizuho raised their price objective on shares of Gulfport Energy from $248.00 to $251.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.11.

Read Our Latest Report on GPOR

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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