GAM Holding AG reduced its position in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 32.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,871 shares of the oil and gas producer’s stock after selling 36,440 shares during the period. GAM Holding AG’s holdings in Gulfport Energy Corporation were worth $1,119,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. State Treasurer State of Michigan increased its stake in shares of Gulfport Energy Corporation by 3.9% in the first quarter. State Treasurer State of Michigan now owns 64,500 shares of the oil and gas producer’s stock worth $1,109,000 after buying an additional 2,400 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Gulfport Energy Corporation by 0.6% in the first quarter. Wedge Capital Management L L P NC now owns 757,200 shares of the oil and gas producer’s stock worth $13,016,000 after buying an additional 4,762 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Gulfport Energy Corporation by 3.9% in the first quarter. Great West Life Assurance Co. Can now owns 90,171 shares of the oil and gas producer’s stock worth $1,549,000 after buying an additional 3,371 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of Gulfport Energy Corporation by 43.3% in the first quarter. Tocqueville Asset Management L.P. now owns 15,550 shares of the oil and gas producer’s stock worth $267,000 after buying an additional 4,700 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Gulfport Energy Corporation by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 54,274 shares of the oil and gas producer’s stock worth $933,000 after buying an additional 800 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors.

Shares of Gulfport Energy Corporation (GPOR) opened at 12.53 on Friday. The company’s 50-day moving average is $12.43 and its 200-day moving average is $15.07. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47. The firm’s market cap is $2.29 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last released its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm had revenue of $323.90 million during the quarter, compared to analyst estimates of $279.59 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 1052.7% compared to the same quarter last year. Analysts forecast that Gulfport Energy Corporation will post $1.43 EPS for the current fiscal year.

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A number of brokerages have commented on GPOR. KLR Group reissued a “buy” rating and issued a $22.00 price objective (down from $23.00) on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Gulfport Energy Corporation in a research report on Wednesday, May 17th. Williams Capital reissued a “buy” rating and issued a $27.00 price objective on shares of Gulfport Energy Corporation in a research report on Tuesday, May 9th. Scotiabank set a $29.00 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Monday, May 8th. Finally, BidaskClub raised shares of Gulfport Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.14.

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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