LSV Asset Management Sells 23,392 Shares of Gulfport Energy Corporation $GPOR

LSV Asset Management reduced its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 34.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,713 shares of the company’s stock after selling 23,392 shares during the quarter. LSV Asset Management’s holdings in Gulfport Energy were worth $9,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares during the period. Jennison Associates LLC raised its stake in shares of Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after purchasing an additional 83,613 shares during the period. State Street Corp raised its stake in shares of Gulfport Energy by 1.8% during the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after purchasing an additional 8,668 shares during the period. Millennium Management LLC raised its stake 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 purchasing an additional 395,197 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Gulfport Energy by 10.2% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after purchasing an additional 36,953 shares during the period.

Gulfport Energy Trading Up 0.0%

GPOR opened at $178.26 on Tuesday. The business has a 50 day simple moving average of $194.71 and a two-hundred day simple moving average of $199.53. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 6.09 and a beta of 0.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. Gulfport Energy Corporation has a one year low of $160.95 and a one year high of $225.78.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). The business had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million. Gulfport Energy had a net margin of 35.72% and a return on equity of 23.51%. Analysts predict that Gulfport Energy Corporation will post 24.82 EPS for the current year.

Insider Transactions at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the completion of the transaction, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Point Capital L.P. sold 759,740 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80. Following the completion of the transaction, the director directly owned 2,690,145 shares of the company’s stock, valued at $549,381,411.90. This represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 876,258 shares of company stock worth $179,141,707. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on GPOR. Truist Financial reduced their target price on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Mizuho upped their price objective on Gulfport Energy from $248.00 to $251.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Finally, Bank of America boosted their target price on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average target price of $230.11.

About Gulfport Energy

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.