Point72 Asset Management L.P. lessened its holdings in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 92.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,400 shares of the oil and gas producer’s stock after selling 1,080,200 shares during the quarter. Point72 Asset Management L.P.’s holdings in Gulfport Energy were worth $1,296,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System increased its position in Gulfport Energy by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock worth $990,000 after purchasing an additional 1,000 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in Gulfport Energy by 65.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after purchasing an additional 10,200 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Gulfport Energy by 122.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock worth $48,092,000 after purchasing an additional 1,794,132 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in Gulfport Energy during the 3rd quarter worth approximately $292,000. Finally, Swiss National Bank increased its position in Gulfport Energy by 4.0% during the 3rd quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock worth $3,947,000 after purchasing an additional 10,700 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.
In other Gulfport Energy news, CEO Michael G. Moore sold 118,494 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $1,440,887.04. Following the sale, the chief executive officer now directly owns 295,449 shares in the company, valued at $3,592,659.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steve Baldwin sold 4,000 shares of Gulfport Energy stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $12.17, for a total transaction of $48,680.00. Following the sale, the vice president now owns 32,634 shares in the company, valued at $397,155.78. The disclosure for this sale can be found here. Insiders sold 151,253 shares of company stock worth $1,839,219 over the last quarter. 0.31% of the stock is currently owned by company insiders.
Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded up $0.34 on Friday, reaching $13.36. The company had a trading volume of 2,171,859 shares, compared to its average volume of 3,160,744. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $2,383.73, a PE ratio of -49.48, a PEG ratio of 0.27 and a beta of 0.69. Gulfport Energy Corporation has a 52-week low of $10.90 and a 52-week high of $22.35.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $265.50 million during the quarter, compared to the consensus estimate of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. sell-side analysts predict that Gulfport Energy Corporation will post 1.36 EPS for the current year.
Several analysts have issued reports on the stock. Barclays downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research report on Monday, November 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy in a research report on Tuesday. Credit Suisse Group assumed coverage on shares of Gulfport Energy in a research report on Monday, December 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Gulfport Energy in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $20.86.
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Gulfport Energy Company Profile
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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