Geode Capital Management LLC Boosts Stake in Gulfport Energy Corporation $GPOR

Geode Capital Management LLC boosted its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 367,429 shares of the company’s stock after buying an additional 3,853 shares during the quarter. Geode Capital Management LLC’s holdings in Gulfport Energy were worth $76,439,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Polymer Capital Management US LLC increased its position in shares of Gulfport Energy by 3.8% during the third quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after acquiring an additional 81 shares during the last quarter. Allworth Financial LP increased its position in shares of Gulfport Energy by 113.3% during the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Gulfport Energy by 3.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock valued at $615,000 after acquiring an additional 94 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Gulfport Energy by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock valued at $4,895,000 after acquiring an additional 102 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of Gulfport Energy by 0.6% during the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after acquiring an additional 108 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Truist Financial dropped their price objective on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a report on Friday, May 8th. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Stock Down 0.5%

Shares of Gulfport Energy stock opened at $167.15 on Tuesday. Gulfport Energy Corporation has a 52-week low of $160.95 and a 52-week high of $225.78. The company has a 50 day moving average of $187.67 and a 200 day moving average of $196.89. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.00 billion, a P/E ratio of 5.71 and a beta of 0.41.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director owned 3,888 shares in the company, valued at approximately $829,699.20. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

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.