Fifth Third Bancorp Takes $702,000 Position in Gulfport Energy Corporation $GPOR

Fifth Third Bancorp acquired a new stake in Gulfport Energy Corporation (NYSE:GPOR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,318 shares of the company’s stock, valued at approximately $702,000.

A number of other institutional investors also recently bought and sold shares of GPOR. Advisory Services Network LLC purchased a new stake in Gulfport Energy during the 3rd quarter worth approximately $28,000. Allworth Financial LP raised its holdings in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 valued at $50,000 after buying an additional 197 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Gulfport Energy during the fourth quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after acquiring an additional 364 shares during the period.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $251.00 to $252.00 in a research note on Wednesday, May 27th. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. UBS Group decreased their target price on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, April 16th. Truist Financial dropped their target price on Gulfport Energy from $219.00 to $190.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $227.00.

Gulfport Energy Stock Performance

GPOR opened at $154.34 on Tuesday. The firm has a fifty day moving average price of $164.55 and a 200 day moving average price of $185.18. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The stock has a market cap of $2.77 billion, a P/E ratio of 5.27 and a beta of 0.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

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.