Icon Advisers Inc. Co. boosted its holdings in Gulfport Energy Co. (NASDAQ:GPOR) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 984,474 shares of the oil and gas producer’s stock after acquiring an additional 6,400 shares during the period. Icon Advisers Inc. Co.’s holdings in Gulfport Energy were worth $12,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Gulfport Energy in the 4th quarter worth about $137,000. BKS Advisors LLC acquired a new stake in Gulfport Energy in the 3rd quarter worth about $161,000. Oakbrook Investments LLC acquired a new stake in Gulfport Energy in the 4th quarter worth about $180,000. Cubist Systematic Strategies LLC raised its stake in Gulfport Energy by 28,700.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,400 shares of the oil and gas producer’s stock worth $212,000 after purchasing an additional 14,350 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Gulfport Energy in the 2nd quarter worth about $216,000. Institutional investors and hedge funds own 85.18% of the company’s stock.

Several analysts have weighed in on the stock. Barclays cut shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Monday, November 20th. Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy in a research note on Tuesday, January 9th. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a research note on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research cut shares of Gulfport Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Finally, Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a research note on Monday, November 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $19.71.

Shares of Gulfport Energy Co. (NASDAQ:GPOR) opened at $8.55 on Friday. The stock has a market cap of $1,592.81, a P/E ratio of -31.67, a P/E/G ratio of 0.22 and a beta of 0.41. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy Co. has a 1-year low of $8.45 and a 1-year high of $21.36.

Gulfport Energy announced that its Board of Directors has initiated a stock repurchase plan on Monday, January 29th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas producer to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, CFO Keri Crowell sold 16,000 shares of Gulfport Energy stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $194,560.00. Following the sale, the chief financial officer now directly owns 81,092 shares of the company’s stock, valued at approximately $986,078.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Groeschel sold 7,059 shares of Gulfport Energy stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $12.16, for a total transaction of $85,837.44. Following the sale, the director now directly owns 18,389 shares in the company, valued at $223,610.24. The disclosure for this sale can be found here. Insiders have sold a total of 151,253 shares of company stock worth $1,839,219 over the last ninety days. 0.31% of the stock is currently owned by insiders.

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About Gulfport Energy

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 (NASDAQ:GPOR)

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