Gulfport Energy Corporation $GPOR Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP increased its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 10.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 101,696 shares of the company’s stock after purchasing an additional 9,648 shares during the period. Systematic Financial Management LP’s holdings in Gulfport Energy were worth $21,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPOR. Jennison Associates LLC grew its stake in Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after purchasing an additional 83,613 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company’s stock valued at $133,317,000 after purchasing an additional 34,486 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Gulfport Energy by 50.3% in the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after buying an additional 176,386 shares during the period. State Street Corp boosted its stake in shares of Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after buying an additional 8,668 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Gulfport Energy by 4,946.1% during the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company’s stock worth $98,892,000 after buying an additional 458,156 shares in the last quarter.

Gulfport Energy Price Performance

Shares of GPOR opened at $158.01 on Friday. Gulfport Energy Corporation has a 1-year low of $149.18 and a 1-year high of $225.78. The stock has a market cap of $2.84 billion, a PE ratio of 5.40 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. The firm has a fifty day moving average price of $165.67 and a 200 day moving average price of $185.62.

Wall Street Analyst Weigh In

GPOR has been the topic of a number of recent research reports. UBS Group cut their target price on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Zacks Research downgraded shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Truist Financial lowered their price target on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday, July 10th. Mizuho raised shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average target price of $227.00.

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.