LSV Asset Management Sells 8,860 Shares of Gulfport Energy Corporation $GPOR

LSV Asset Management trimmed its position in Gulfport Energy Corporation (NYSE:GPOR) by 11.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,105 shares of the company’s stock after selling 8,860 shares during the period. LSV Asset Management’s holdings in Gulfport Energy were worth $12,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GPOR. Jennison Associates LLC grew its position in shares of Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after buying an additional 186,531 shares during the period. Principal Financial Group Inc. boosted its stake in Gulfport Energy by 84.4% during the third quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock worth $62,956,000 after acquiring an additional 159,255 shares in the last quarter. Mackay Shields LLC grew its holdings in Gulfport Energy by 756.6% in the third quarter. Mackay Shields LLC now owns 130,956 shares of the company’s stock worth $23,700,000 after purchasing an additional 115,668 shares during the period. Alliancebernstein L.P. grew its holdings in Gulfport Energy by 328.6% in the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company’s stock worth $26,540,000 after purchasing an additional 101,146 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Gulfport Energy during the third quarter valued at approximately $18,266,000.

Analyst Upgrades and Downgrades

GPOR has been the topic of a number of analyst reports. Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. KeyCorp increased their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Evercore raised their price target on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. Finally, TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $230.88.

Gulfport Energy Stock Performance

Shares of GPOR opened at $204.21 on Friday. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -107.48 and a beta of 0.61. The business’s fifty day simple moving average is $198.09 and its two-hundred day simple moving average is $189.48. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.

Insiders Place Their Bets

In other Gulfport Energy news, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total transaction of $881,099.05. Following the transaction, the senior vice president owned 7,821 shares in the company, valued at approximately $1,452,281.49. This represents a 37.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Cutt sold 2,500 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total transaction of $536,850.00. Following the completion of the sale, the director owned 31,255 shares of the company’s stock, valued at $6,711,698.70. This represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 308,012 shares of company stock valued at $67,100,732 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

About Gulfport Energy

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.