Public Employees Retirement System of Ohio purchased a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,056 shares of the company’s stock, valued at approximately $3,064,000. Public Employees Retirement System of Ohio owned approximately 0.10% of Gulfport Energy as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Gulfport Energy in the 3rd quarter worth about $28,000. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 last quarter. Kestra Advisory Services LLC bought a new stake in Gulfport Energy during the 4th quarter valued at about $54,000. Finally, Pinnacle Holdings LLC purchased a new stake in Gulfport Energy during the 2nd quarter valued at $49,000.
Gulfport Energy Trading Down 1.6%
Shares of Gulfport Energy stock opened at $178.92 on Friday. Gulfport Energy Corporation has a twelve month low of $149.18 and a twelve 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 business has a 50-day moving average price of $165.13 and a 200-day moving average price of $180.44. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 7.16 and a beta of 0.43.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. UBS Group cut their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Weiss Ratings cut Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Truist Financial lowered their price objective on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Gulfport Energy presently has an average rating of “Moderate Buy” and an average price target of $223.11.
Get Our Latest Stock Report on GPOR
Insider Activity at Gulfport Energy
In other Gulfport Energy news, CEO Domenic Dell’osso, Jr. bought 1,600 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $3,910,692.89. This represents a 7.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew Willrath sold 325 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the sale, the chief accounting officer owned 2,130 shares in the company, valued at approximately $389,129.70. The trade was a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by insiders.
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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