California Public Employees Retirement System boosted its holdings in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 372.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 717,300 shares of the oil and gas producer’s stock after buying an additional 565,500 shares during the quarter. California Public Employees Retirement System owned about 0.39% of Gulfport Energy Corporation worth $10,580,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Gulfport Energy Corporation by 11.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,756 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 712 shares during the last quarter. Riverhead Capital Management LLC increased its position in Gulfport Energy Corporation by 76.9% during the second quarter. Riverhead Capital Management LLC now owns 9,553 shares of the oil and gas producer’s stock worth $141,000 after buying an additional 4,153 shares during the last quarter. World Asset Management Inc acquired a new position in Gulfport Energy Corporation during the second quarter worth $150,000. LS Investment Advisors LLC increased its position in Gulfport Energy Corporation by 25.1% during the second quarter. LS Investment Advisors LLC now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 2,584 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Gulfport Energy Corporation by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 12,869 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 520 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Gulfport Energy Corporation (GPOR) opened at 14.38 on Friday. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.47. The company’s market cap is $2.63 billion. The firm’s 50-day moving average is $13.26 and its 200-day moving average is $14.32.

Gulfport Energy Corporation (NASDAQ:GPOR) last announced its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $279.59 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 1052.7% compared to the same quarter last year. On average, analysts expect that Gulfport Energy Corporation will post $1.39 EPS for the current fiscal year.

Several equities analysts have commented on GPOR shares. Williams Capital set a $21.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Gulfport Energy Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, July 12th. Scotiabank reissued a “buy” rating and set a $23.00 target price on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Stifel Nicolaus lowered their target price on shares of Gulfport Energy Corporation from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, August 14th. Finally, Jefferies Group LLC set a $20.00 target price on shares of Gulfport Energy Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. Gulfport Energy Corporation has an average rating of “Buy” and an average price target of $23.82.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/08/california-public-employees-retirement-system-has-10-58-million-holdings-in-gulfport-energy-corporation-gpor.html.

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.

Want to see what other hedge funds are holding GPOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gulfport Energy Corporation (NASDAQ:GPOR).

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

Receive News & Stock Ratings for Gulfport Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulfport Energy Corporation and related stocks with our FREE daily email newsletter.