Gulfport Energy Corporation $GPOR Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,429 shares of the company’s stock after acquiring an additional 3,853 shares during the quarter. Geode Capital Management LLC owned 1.90% of Gulfport Energy worth $76,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy in the third quarter worth $28,000. Allworth Financial LP grew its position in Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares during the period. Federated Hermes Inc. grew its position in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after buying an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its position in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Gulfport Energy during the third quarter valued at $148,000.

Gulfport Energy Stock Performance

NYSE:GPOR opened at $167.15 on Tuesday. The company’s 50-day moving average price is $187.67 and its 200-day moving average price is $196.89. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.00 billion, a P/E ratio of 5.71 and a beta of 0.41. Gulfport Energy Corporation has a twelve month low of $160.95 and a twelve month high of $225.78.

Wall Street Analysts Forecast Growth

GPOR has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Bank of America raised their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. UBS Group dropped their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $230.22.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

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.