Oliver Luxxe Assets LLC Reduces Stock Position in Gulfport Energy Corporation $GPOR

Oliver Luxxe Assets LLC trimmed its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 44.5% during the second quarter, HoldingsChannel.com reports. The firm owned 6,409 shares of the company’s stock after selling 5,147 shares during the period. Oliver Luxxe Assets LLC’s holdings in Gulfport Energy were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy during the 3rd quarter valued at approximately $28,000. Allworth Financial LP increased its stake in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Gulfport Energy in the fourth quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Gulfport Energy by 866.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after acquiring an additional 364 shares in the last quarter.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $162.39 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. The company has a fifty day moving average price of $161.20 and a two-hundred day moving average price of $183.89. The company has a market cap of $2.87 billion, a PE ratio of 6.50 and a beta of 0.41.

Analyst Ratings Changes

GPOR has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Truist Financial reduced their price target on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating on the stock in a research report on Wednesday. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and a consensus target price of $223.11.

Gulfport Energy Company 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.