The Manufacturers Life Insurance Company lifted its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,703 shares of the oil and gas producer’s stock after purchasing an additional 4,386 shares during the quarter. The Manufacturers Life Insurance Company owned 0.13% of Gulfport Energy Corporation worth $3,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its holdings in shares of Gulfport Energy Corporation by 28,700.0% during 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. Earnest Partners LLC grew its holdings in shares of Gulfport Energy Corporation by 0.3% during the 2nd quarter. Earnest Partners LLC now owns 1,776,932 shares of the oil and gas producer’s stock worth $26,210,000 after purchasing an additional 6,172 shares in the last quarter. Kingdon Capital Management L.L.C. acquired a new stake in shares of Gulfport Energy Corporation during the 2nd quarter worth $15,934,000. State Street Corp grew its holdings in shares of Gulfport Energy Corporation by 15.1% during the 2nd quarter. State Street Corp now owns 7,443,039 shares of the oil and gas producer’s stock worth $109,780,000 after purchasing an additional 979,127 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Gulfport Energy Corporation during the 2nd quarter worth $77,784,000. 86.94% of the stock is currently owned by institutional investors.

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Several analysts have recently issued reports on the company. Zacks Investment Research raised Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, October 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Gulfport Energy Corporation in a research note on Thursday, October 12th. Mizuho reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Wednesday, October 4th. Scotiabank reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy Corporation in a research note on Monday, October 9th. Finally, Morgan Stanley raised their price objective on Gulfport Energy Corporation from $12.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. Gulfport Energy Corporation currently has an average rating of “Buy” and a consensus target price of $22.83.

Gulfport Energy Corporation (NASDAQ:GPOR) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $302.33 million. Gulfport Energy Corporation had a net margin of 3.88% and a return on equity of 8.22%. The company’s revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share.

About Gulfport Energy Corporation

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 Corporation (NASDAQ:GPOR)

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