Deltec Asset Management LLC raised its stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 153.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 596,125 shares of the oil and gas producer’s stock after acquiring an additional 360,500 shares during the period. Gulfport Energy Corporation accounts for about 1.7% of Deltec Asset Management LLC’s investment portfolio, making the stock its 16th biggest holding. Deltec Asset Management LLC owned about 0.33% of Gulfport Energy Corporation worth $8,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GPOR. OppenheimerFunds Inc. boosted its stake in Gulfport Energy Corporation by 3.6% in the first quarter. OppenheimerFunds Inc. now owns 22,074 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 763 shares during the period. FMR LLC boosted its stake in Gulfport Energy Corporation by 30.1% in the first quarter. FMR LLC now owns 342,506 shares of the oil and gas producer’s stock valued at $5,888,000 after acquiring an additional 79,224 shares during the period. Teachers Advisors LLC boosted its stake in Gulfport Energy Corporation by 38.7% in the first quarter. Teachers Advisors LLC now owns 182,135 shares of the oil and gas producer’s stock valued at $3,131,000 after acquiring an additional 50,811 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Gulfport Energy Corporation by 7.6% in the first quarter. TIAA CREF Investment Management LLC now owns 436,077 shares of the oil and gas producer’s stock valued at $7,496,000 after acquiring an additional 30,726 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Gulfport Energy Corporation by 13.6% in the first quarter. PNC Financial Services Group Inc. now owns 21,196 shares of the oil and gas producer’s stock valued at $365,000 after acquiring an additional 2,532 shares during the period. Institutional investors own 86.94% of the company’s stock.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $302.33 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis.

A number of equities analysts have commented on GPOR shares. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, July 12th. Williams Capital set a $21.00 target price on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group LLC set a $20.00 target price on Gulfport Energy Corporation and gave the company a “buy” rating in a research note on Tuesday, August 29th. Stifel Nicolaus decreased their target price on Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Finally, KeyCorp reiterated a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy Corporation in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.83.

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Gulfport Energy Corporation Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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