William Blair Investment Management LLC Reduces Holdings in Gulfport Energy Corporation $GPOR

William Blair Investment Management LLC trimmed its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,145 shares of the company’s stock after selling 12,827 shares during the quarter. William Blair Investment Management LLC owned approximately 1.10% of Gulfport Energy worth $38,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares in the last quarter. State Street Corp increased its position in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after acquiring an additional 8,668 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Gulfport Energy by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after acquiring an additional 36,953 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Gulfport Energy by 84.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after purchasing an additional 159,255 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Gulfport Energy by 10.5% in the 2nd quarter. Geode Capital Management LLC now owns 332,557 shares of the company’s stock worth $66,912,000 after purchasing an additional 31,682 shares in the last quarter.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 45,546 shares of Gulfport Energy stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the transaction, the director directly owned 3,449,885 shares of the company’s stock, valued at $757,456,750.60. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total transaction of $536,850.00. Following the completion of the transaction, the director owned 31,255 shares in the company, valued at $6,711,698.70. The trade was a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,523 shares of company stock valued at $13,420,727 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GPOR shares. Evercore boosted their target price on Gulfport Energy from $190.00 to $210.00 and gave the stock an “in-line” rating in a research report on Monday, November 10th. Mizuho boosted their price objective on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. Finally, Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $227.20.

Gulfport Energy Stock Up 3.3%

Shares of GPOR opened at $208.69 on Monday. The firm has a market cap of $3.87 billion, a P/E ratio of 10.27 and a beta of 0.61. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The stock’s 50 day moving average is $197.31 and its two-hundred day moving average is $191.83. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last announced its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%.

Gulfport Energy Profile

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.