Northwestern Mutual Investment Management Company LLC reduced its stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 20.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,639 shares of the oil and gas producer’s stock after selling 5,733 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Gulfport Energy Corporation were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Capital Advisors Inc. OK bought a new stake in shares of Gulfport Energy Corporation in the second quarter valued at approximately $364,000. JPMorgan Chase & Co. boosted its stake in shares of Gulfport Energy Corporation by 65.7% in the second quarter. JPMorgan Chase & Co. now owns 237,044 shares of the oil and gas producer’s stock valued at $3,497,000 after buying an additional 94,024 shares during the period. Cipher Capital LP bought a new stake in shares of Gulfport Energy Corporation in the second quarter valued at approximately $1,293,000. Swiss National Bank boosted its stake in shares of Gulfport Energy Corporation by 3.3% in the second quarter. Swiss National Bank now owns 264,558 shares of the oil and gas producer’s stock valued at $3,902,000 after buying an additional 8,500 shares during the period. Finally, Scout Investments Inc. boosted its stake in shares of Gulfport Energy Corporation by 4.0% in the second quarter. Scout Investments Inc. now owns 49,125 shares of the oil and gas producer’s stock valued at $725,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 86.78% of the company’s stock.

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Shares of Gulfport Energy Corporation (NASDAQ:GPOR) opened at 12.18 on Monday. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $30.47. The company has a 50-day moving average price of $12.28 and a 200-day moving average price of $14.80. The firm’s market capitalization is $2.23 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. The business had revenue of $323.90 million during the quarter, compared to the consensus estimate of $279.59 million. Gulfport Energy Corporation had a negative net margin of 15.02% and a positive return on equity of 7.42%. The firm’s revenue for the quarter was up 1052.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Equities analysts predict that Gulfport Energy Corporation will post $1.41 EPS for the current year.

Several equities research analysts have weighed in on GPOR shares. KLR Group restated a “buy” rating and set a $22.00 target price (down from $23.00) on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and set a $20.00 target price on shares of Gulfport Energy Corporation in a research note on Wednesday, May 17th. Stifel Nicolaus cut their target price on Gulfport Energy Corporation from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 31st. Zacks Investment Research upgraded Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, July 12th. Finally, Scotiabank restated a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Gulfport Energy Corporation presently has an average rating of “Buy” and a consensus price target of $25.14.

Gulfport Energy Corporation 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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Institutional Ownership by Quarter for Gulfport Energy Corporation (NASDAQ:GPOR)

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