Savant Capital LLC Increases Stake in Gulfport Energy Corporation $GPOR

Savant Capital LLC raised its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 7.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,486 shares of the company’s stock after acquiring an additional 464 shares during the quarter. Savant Capital LLC’s holdings in Gulfport Energy were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Gulfport Energy in the 1st quarter worth $239,000. Rhumbline Advisers increased its position in Gulfport Energy by 1.2% in the first quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after buying an additional 248 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Gulfport Energy by 337.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company’s stock worth $12,412,000 after buying an additional 47,600 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of Gulfport Energy in the second quarter worth about $263,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gulfport Energy during the 2nd quarter valued at about $557,000.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $211.63 on Thursday. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $215.57. The firm’s 50 day moving average is $182.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $4.09 billion, a PE ratio of -29.47 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last issued its 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). The company had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Evercore ISI increased their target price on shares of Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a report on Monday. William Blair initiated coverage on shares of Gulfport Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Monday. Mizuho dropped their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Jefferies Financial Group began coverage on Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 600 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares in the company, valued at $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Gulfport Energy 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.