Cercano Management LLC Has $1.93 Million Stake in Gulfport Energy Corporation $GPOR

Cercano Management LLC trimmed its position in Gulfport Energy Corporation (NYSE:GPOR) by 16.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,571 shares of the company’s stock after selling 1,820 shares during the period. Cercano Management LLC’s holdings in Gulfport Energy were worth $1,925,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC raised its position in Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock valued at $113,700,000 after buying an additional 186,531 shares during the last quarter. Canoe Financial LP bought a new position in shares of Gulfport Energy during the 2nd quarter worth approximately $13,257,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Gulfport Energy by 337.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock valued at $12,412,000 after purchasing an additional 47,600 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Gulfport Energy in the second quarter valued at approximately $7,487,000. Finally, Congress Asset Management Co. bought a new stake in shares of Gulfport Energy in the second quarter worth $6,905,000.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $211.40 on Friday. Gulfport Energy Corporation has a 52-week low of $153.27 and a 52-week high of $215.57. The company has a market cap of $4.08 billion, a PE ratio of -29.44 and a beta of 0.62. The firm has a 50-day moving average price of $184.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The business had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Analyst Ratings Changes

GPOR has been the subject of a number of analyst reports. Evercore ISI raised their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Jefferies Financial Group began coverage on Gulfport Energy in a report on Thursday, October 23rd. They set a “buy” rating and a $250.00 target price on the stock. Finally, Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average price target of $221.25.

Insider Transactions at Gulfport Energy

In related news, Director David D. Wolf sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total transaction of $320,661.75. Following the transaction, the director directly owned 4,462 shares of the company’s stock, valued at approximately $938,224.74. The trade was a 25.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy J. Cutt sold 2,635 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total value of $554,535.75. Following the completion of the sale, the director owned 35,473 shares in the company, valued at approximately $7,465,292.85. This trade represents a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,760 shares of company stock worth $978,140. 0.62% of the stock is owned by company insiders.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.