King Luther Capital Management Corp boosted its holdings in Gulfport Energy Corporation (NASDAQ:GPOR) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,345 shares of the oil and gas producer’s stock after acquiring an additional 7,035 shares during the quarter. King Luther Capital Management Corp owned about 0.05% of Gulfport Energy Corporation worth $1,392,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock worth $104,000 after acquiring an additional 2,143 shares in the last quarter. Elkfork Partners LLC raised its position in Gulfport Energy Corporation by 38.4% in the first quarter. Elkfork Partners LLC now owns 6,666 shares of the oil and gas producer’s stock worth $115,000 after acquiring an additional 1,848 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock worth $146,000 after acquiring an additional 2,352 shares in the last quarter. Riverhead Capital Management LLC raised its position in Gulfport Energy Corporation by 76.9% in the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after acquiring an additional 4,153 shares in the last quarter. Finally, World Asset Management Inc purchased a new position in Gulfport Energy Corporation in the second quarter worth $150,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 13.47 on Tuesday. The firm’s market cap is $2.46 billion. The company’s 50 day moving average price is $12.25 and its 200-day moving average price is $14.54. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $323.90 million for the quarter, compared to analyst estimates of $279.59 million. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. Gulfport Energy Corporation’s revenue for the quarter was up 1052.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities analysts expect that Gulfport Energy Corporation will post $1.41 EPS for the current fiscal year.

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Several research analysts have issued reports on GPOR shares. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, July 12th. J P Morgan Chase & Co cut Gulfport Energy Corporation from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $17.00 in a research report on Thursday, July 20th. Scotiabank reiterated a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. BidaskClub upgraded Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC set a $20.00 price objective on Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Gulfport Energy Corporation has an average rating of “Buy” and a consensus price target of $24.74.

Gulfport Energy Corporation Company 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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