SummerHaven Investment Management LLC Buys New Shares in Gulfport Energy Corporation $GPOR

SummerHaven Investment Management LLC acquired a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,981 shares of the company’s stock, valued at approximately $754,000.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Gulfport Energy by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock worth $133,317,000 after purchasing an additional 34,486 shares during the period. Assenagon Asset Management S.A. raised its position in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock valued at $98,892,000 after purchasing an additional 458,156 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Gulfport Energy by 12.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company’s stock worth $84,402,000 after purchasing an additional 45,682 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Gulfport Energy by 4.2% during the first quarter. Janus Henderson Group PLC now owns 223,669 shares of the company’s stock worth $47,323,000 after purchasing an additional 9,095 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Gulfport Energy by 50.3% in the first quarter. Bank of America Corp DE now owns 152,201 shares of the company’s stock valued at $32,201,000 after buying an additional 50,968 shares in the last quarter.

Gulfport Energy Stock Up 1.5%

Shares of NYSE GPOR opened at $166.22 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.58 and a current ratio of 0.58. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The stock’s 50-day simple moving average is $167.95 and its 200-day simple moving average is $172.12. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 6.65 and a beta of 0.56.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. The firm had revenue of $323.23 million during the quarter. As a group, equities analysts anticipate that Gulfport Energy Corporation will post 22.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer directly owned 2,130 shares in the company, valued at approximately $389,129.70. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Domenic J. Dell’osso, Jr. acquired 1,600 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $160.61 per share, with a total value of $256,976.00. Following the completion of the acquisition, the chief executive officer owned 24,349 shares of the company’s stock, valued at $3,910,692.89. The trade was a 7.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GPOR. JPMorgan Chase & Co. reissued an “underweight” rating and set a $194.00 price target (down from $240.00) on shares of Gulfport Energy in a research report on Tuesday, September 8th. Zacks Research raised shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Mizuho set a $237.00 target price on shares of Gulfport Energy in a research note on Wednesday, October 7th. Stifel Nicolaus began coverage on shares of Gulfport Energy in a research note on Wednesday, September 9th. They issued a “hold” rating and a $193.00 target price for the company. Finally, Scotiabank started coverage on shares of Gulfport Energy in a report on Wednesday. They set a “sector outperform” rating and a $217.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $210.20.

Gulfport Energy Company Profile

Gulfport Energy Corporation (NYSE: GPOR) is an independent exploration and production company focused on developing and producing natural gas, natural gas liquids and oil. Its activities include acquiring, exploring, drilling and operating oil and gas properties.

The company’s operations are concentrated in the Appalachian Basin, particularly the Utica and Marcellus shale plays in eastern Ohio. Gulfport sells the hydrocarbons produced from its wells into regional energy markets and relies on gathering and transportation infrastructure to move production to market.

Gulfport Energy traces its history to the late 1990s and has evolved from a broader domestic oil and gas producer into a company primarily focused on natural gas development in the eastern United States.