Quantbot Technologies LP Sells 31,666 Shares of Gulfport Energy Corporation $GPOR

Quantbot Technologies LP lowered its position in Gulfport Energy Corporation (NYSE:GPOR) by 94.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,014 shares of the company’s stock after selling 31,666 shares during the period. Quantbot Technologies LP’s holdings in Gulfport Energy were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of GPOR. Coastal Bridge Advisors LLC purchased a new stake in shares of Gulfport Energy during the third quarter valued at $1,837,000. Stephens Investment Management Group LLC increased its stake in Gulfport Energy by 29.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after buying an additional 10,786 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gulfport Energy in the 2nd quarter worth about $1,367,000. Assenagon Asset Management S.A. lifted its holdings in Gulfport Energy by 45.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock valued at $11,261,000 after buying an additional 19,458 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Gulfport Energy during the 3rd quarter valued at about $13,418,000.

Wall Street Analyst Weigh In

GPOR has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Mizuho lifted their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $227.44.

Insider Activity at Gulfport Energy

In other Gulfport Energy news, COO Matthew Rucker sold 10,732 shares of the 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 in the company, valued at approximately $2,405,962.73. This trade represents a 45.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Silver Point Capital L.P. sold 759,740 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80. Following the sale, the director owned 2,690,145 shares in the company, valued at $549,381,411.90. The trade was a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 893,835 shares of company stock worth $182,476,994 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Gulfport Energy Price Performance

NYSE GPOR opened at $190.28 on Wednesday. The firm’s fifty day simple moving average is $196.86 and its two-hundred day simple moving average is $193.75. The firm has a market capitalization of $3.53 billion, a P/E ratio of 9.36 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78.

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

Gulfport Energy Profile

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.