Aventail Capital Group LP Sells 78,381 Shares of Gulfport Energy Corporation $GPOR

Aventail Capital Group LP lessened its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 78.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,108 shares of the company’s stock after selling 78,381 shares during the quarter. Aventail Capital Group LP owned about 0.11% of Gulfport Energy worth $4,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Financial Consulate Inc. purchased a new stake in shares of Gulfport Energy in the third quarter worth about $31,000. Federated Hermes Inc. grew its stake in Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after acquiring an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Gulfport Energy by 1,360.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after acquiring an additional 585 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in Gulfport Energy in the 3rd quarter worth approximately $128,000.

Gulfport Energy Trading Up 0.5%

Shares of GPOR opened at $197.05 on Friday. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a market capitalization of $3.66 billion, a P/E ratio of 9.69 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $196.21 and its 200 day simple moving average is $194.13.

Gulfport Energy (NYSE:GPOR) last released 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). The company had revenue of $398.19 million during the quarter, compared to analysts’ expectations of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Analyst Ratings Changes

Several research analysts have commented on GPOR shares. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Finally, Mizuho boosted their target price on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $227.44.

Insider Activity at Gulfport Energy

In other news, SVP Lester Zitkus sold 4,745 shares of Gulfport Energy stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $185.69, for a total transaction of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares of the company’s stock, valued at approximately $1,452,281.49. The trade was a 37.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Silver Point Capital L.P. sold 84,416 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the completion of the transaction, the director owned 2,605,729 shares of the company’s stock, valued at $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. 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 in the last three months. 0.62% of the stock is owned by insiders.

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.