Gulfport Energy Corporation $GPOR Shares Sold by Walleye Capital LLC

Walleye Capital LLC lowered its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,215 shares of the company’s stock after selling 6,938 shares during the quarter. Walleye Capital LLC’s holdings in Gulfport Energy were worth $4,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the period. Toth Financial Advisory Corp acquired a new stake in shares of Gulfport Energy during the second quarter worth $85,000. Assetmark Inc. grew its position in Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after buying an additional 585 shares during the period. Finally, Strs Ohio acquired a new position in Gulfport Energy in the 1st quarter valued at $239,000.

Insider Transactions at Gulfport Energy

In related news, Director Silver Point Capital L.P. sold 45,546 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total value of $10,000,079.76. Following the sale, the director directly owned 3,449,885 shares in the company, valued at $757,456,750.60. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total transaction of $554,535.75. Following the completion of the sale, the director directly owned 35,473 shares in the company, valued at approximately $7,465,292.85. The trade was a 6.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 294,795 shares of company stock worth $64,658,224 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GPOR shares. Tudor Pickering downgraded shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a report on Wednesday, October 8th. KeyCorp boosted their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. UBS Group cut their target price on Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a research note on Wednesday, August 20th. Finally, William Blair initiated coverage on Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.25.

Gulfport Energy Trading Up 0.2%

Shares of Gulfport Energy stock opened at $217.06 on Friday. The firm has a 50-day moving average of $196.72. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $4.19 billion, a PE ratio of -114.24 and a beta of 0.60.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The firm had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.