Gulfport Energy Co. (GPOR) Holdings Lifted by Snow Capital Management LP
Snow Capital Management LP grew its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,319,937 shares of the oil and gas producer’s stock after buying an additional 189,435 shares during the period. Gulfport Energy comprises approximately 2.4% of Snow Capital Management LP’s investment portfolio, making the stock its 17th biggest holding. Snow Capital Management LP’s holdings in Gulfport Energy were worth $55,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at approximately $137,000. BKS Advisors LLC acquired a new stake in shares of Gulfport Energy in the third quarter valued at approximately $161,000. Oakbrook Investments LLC acquired a new stake in shares of Gulfport Energy in the fourth quarter valued at approximately $180,000. Delpha Capital Management LLC purchased a new position in shares of Gulfport Energy during the fourth quarter valued at approximately $187,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Gulfport Energy during the third quarter valued at approximately $211,000. Institutional investors and hedge funds own 87.79% of the company’s stock.
In other news, Director Craig Groeschel sold 7,059 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.16, for a total value of $85,837.44. Following the completion of the sale, the director now owns 18,389 shares of the company’s stock, valued at $223,610.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael G. Moore sold 118,494 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the completion of the sale, the chief executive officer now directly owns 295,449 shares of the company’s stock, valued at approximately $3,592,659.84. The disclosure for this sale can be found here. Insiders sold 151,253 shares of company stock valued at $1,839,219 in the last three months. Company insiders own 0.21% of the company’s stock.
Gulfport Energy Co. (GPOR) opened at $10.42 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $1,907.96, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 0.27 and a beta of 0.42. Gulfport Energy Co. has a one year low of $8.11 and a one year high of $17.82.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. The company had revenue of $397.85 million for the quarter, compared to the consensus estimate of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same quarter last year, the firm posted $0.34 earnings per share. equities analysts expect that Gulfport Energy Co. will post 1.31 EPS for the current year.
Gulfport Energy announced that its board has initiated a stock repurchase program on Monday, January 29th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the oil and gas producer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
Gulfport Energy 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.
Want to see what other hedge funds are holding GPOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulfport Energy Co. (NASDAQ:GPOR).
Receive News & Ratings for Gulfport Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy and related companies with MarketBeat.com's FREE daily email newsletter.