Livforsakringsbolaget Skandia Omsesidigt Sells 9,900 Shares of Gulfport Energy Corporation $GPOR

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,200 shares of the company’s stock after selling 9,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Gulfport Energy were worth $1,495,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Gulfport Energy during the 3rd quarter valued at approximately $28,000. Allworth Financial LP boosted its stake in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the period. Federated Hermes Inc. boosted its stake in Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in Gulfport Energy during the 4th quarter valued at approximately $150,000.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director owned 3,888 shares in the company, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Gulfport Energy Price Performance

Shares of GPOR stock opened at $171.20 on Friday. The stock has a 50 day moving average of $189.51 and a two-hundred day moving average of $197.49. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a 12 month low of $160.95 and a 12 month high of $225.78. The company has a market capitalization of $3.08 billion, a P/E ratio of 5.85 and a beta of 0.41.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. UBS Group reduced their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $230.22.

About Gulfport Energy

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.