Fifth Third Bancorp Acquires New Position in Gulfport Energy Corporation $GPOR

Fifth Third Bancorp acquired a new stake in Gulfport Energy Corporation (NYSE:GPOR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,318 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPOR. Jennison Associates LLC raised its position in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Gulfport Energy by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after acquiring an additional 34,716 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after acquiring an additional 176,386 shares in the last quarter. State Street Corp lifted its stake in Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after acquiring an additional 8,668 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after acquiring an additional 458,156 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have commented on GPOR. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. UBS Group lowered their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Weiss Ratings lowered shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Truist Financial reduced their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and an average target price of $227.00.

Gulfport Energy Price Performance

Shares of GPOR opened at $154.34 on Tuesday. The company has a 50 day moving average of $164.55 and a two-hundred day moving average of $185.18. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a twelve month low of $149.18 and a twelve month high of $225.78. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 5.27 and a beta of 0.41.

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.