Grantham Mayo Van Otterloo & Co. LLC Buys 3,600 Shares of Gulfport Energy Corporation $GPOR

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 3.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 95,739 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.50% of Gulfport Energy worth $17,327,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GPOR. Financial Consulate Inc. acquired a new position in shares of Gulfport Energy in the 3rd quarter worth approximately $31,000. Federated Hermes Inc. increased its position in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the period. Assetmark Inc. raised its stake in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after buying an additional 168 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Gulfport Energy by 1,360.5% during the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after buying an additional 585 shares during the last quarter.

Gulfport Energy Stock Up 0.8%

Gulfport Energy stock opened at $212.08 on Monday. The company has a market capitalization of $3.94 billion, a PE ratio of 10.43 and a beta of 0.61. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The firm’s fifty day moving average is $197.66 and its 200 day moving average is $193.40. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The company had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million.

Insider Activity at Gulfport Energy

In related news, COO Matthew Rucker sold 10,732 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total value of $2,002,698.52. Following the completion of the sale, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at $2,405,962.73. The trade was a 45.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy J. Cutt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the transaction, the director directly owned 26,255 shares in the company, valued at approximately $5,480,206.15. This trade represents a 16.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 893,835 shares of company stock worth $182,476,994. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

GPOR has been the topic of a number of research analyst reports. Wolfe Research cut shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Mizuho lifted their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Evercore boosted their price objective on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research note on Monday, November 10th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Finally, KeyCorp raised their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.44.

About Gulfport Energy

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.