Gulfport Energy Corporation $GPOR is Gemsstock Ltd.’s 6th Largest Position

Gemsstock Ltd. lifted its position in Gulfport Energy Corporation (NYSE:GPOR) by 140.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,174 shares of the company’s stock after purchasing an additional 109,979 shares during the period. Gulfport Energy comprises about 9.0% of Gemsstock Ltd.’s portfolio, making the stock its 6th biggest holding. Gemsstock Ltd. owned about 0.97% of Gulfport Energy worth $34,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GPOR. Financial Consulate Inc. purchased a new position in Gulfport Energy in the third quarter valued at $31,000. Federated Hermes Inc. grew its position in shares of Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after acquiring an additional 127 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the period. Assetmark Inc. increased its stake in shares of Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after purchasing an additional 168 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after purchasing an additional 585 shares in the last quarter.

Gulfport Energy Stock Performance

NYSE GPOR opened at $202.20 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.54. The stock’s 50 day simple moving average is $197.17 and its 200-day simple moving average is $191.20. The company has a market cap of $3.91 billion, a PE ratio of 9.95 and a beta of 0.61. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on GPOR. UBS Group increased their price target on Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Mizuho upped their target price on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, KeyCorp upped their price objective on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $227.20.

Insider Buying and Selling at Gulfport Energy

In related news, SVP Lester Zitkus sold 4,745 shares of the company’s stock in a transaction dated 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 owned 7,821 shares of the company’s stock, valued at approximately $1,452,281.49. This represents a 37.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Point Capital L.P. sold 45,546 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $219.56, for a total transaction of $10,000,079.76. Following the completion of the sale, the director owned 3,449,885 shares of the company’s stock, valued at approximately $757,456,750.60. The trade was a 1.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 308,012 shares of company stock worth $67,100,732 over the last three months. 0.62% of the stock is owned by corporate insiders.

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.