Livforsakringsbolaget Skandia Omsesidigt Has $1.50 Million Holdings in Gulfport Energy Corporation $GPOR

Livforsakringsbolaget Skandia Omsesidigt cut its stake in Gulfport Energy Corporation (NYSE:GPOR) by 57.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the company’s stock after selling 9,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Gulfport Energy were worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GPOR. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy in the 3rd quarter worth approximately $28,000. Allworth Financial LP raised its holdings in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Gulfport Energy in the 3rd quarter worth approximately $148,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GPOR shares. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Bank of America raised their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. raised their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and a consensus price target of $230.22.

Insiders Place Their Bets

In other news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Gulfport Energy Trading Up 1.4%

GPOR stock opened at $171.20 on Friday. The business has a fifty day moving average price of $189.51 and a 200 day moving average price of $197.49. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 5.85 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.