M&T Bank Corp acquired a new stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,551 shares of the oil and gas producer’s stock, valued at approximately $216,000.

A number of other institutional investors also recently modified their holdings of GPOR. Karp Capital Management Corp purchased a new position in Gulfport Energy Corporation during the 1st quarter valued at $692,000. Arizona State Retirement System increased its position in Gulfport Energy Corporation by 88.9% during the 1st quarter. Arizona State Retirement System now owns 66,100 shares of the oil and gas producer’s stock valued at $1,136,000 after purchasing an additional 31,117 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in Gulfport Energy Corporation during the 1st quarter valued at $1,084,000. OppenheimerFunds Inc. increased its position in Gulfport Energy Corporation by 3.6% during the 1st quarter. OppenheimerFunds Inc. now owns 22,074 shares of the oil and gas producer’s stock valued at $379,000 after purchasing an additional 763 shares during the period. Finally, Principal Financial Group Inc. increased its position in Gulfport Energy Corporation by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 622,411 shares of the oil and gas producer’s stock valued at $10,699,000 after purchasing an additional 33,493 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

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Gulfport Energy Corporation (GPOR) opened at 14.48 on Monday. Gulfport Energy Corporation has a 52 week low of $10.90 and a 52 week high of $30.37. The company has a 50-day moving average of $13.68 and a 200-day moving average of $14.22. The company’s market cap is $2.65 billion.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. Gulfport Energy Corporation had a positive return on equity of 7.42% and a negative net margin of 15.02%. The company had revenue of $323.90 million for 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 quarterly revenue was up 1052.7% compared to the same quarter last year. On average, equities analysts expect that Gulfport Energy Corporation will post $1.40 EPS for the current year.

A number of research analysts have issued reports on GPOR shares. Williams Capital set a $21.00 price objective on shares of Gulfport Energy Corporation and gave the company 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 price objective on the stock in a research report on Wednesday, July 12th. Scotiabank reissued a “buy” rating and set a $23.00 price objective on shares of Gulfport Energy Corporation in a research report on Friday, June 30th. Stifel Nicolaus reduced their price objective 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 price objective on shares of Gulfport Energy Corporation and gave the company a “buy” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $23.73.

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.

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

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