LSV Asset Management Sells 8,860 Shares of Gulfport Energy Corporation $GPOR

LSV Asset Management decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,105 shares of the company’s stock after selling 8,860 shares during the quarter. LSV Asset Management owned 0.39% of Gulfport Energy worth $12,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GPOR. Jennison Associates LLC lifted its holdings in shares of Gulfport Energy by 49.3% in the 2nd quarter. Jennison Associates LLC now owns 565,194 shares of the company’s stock worth $113,700,000 after acquiring an additional 186,531 shares during the last quarter. Principal Financial Group Inc. raised its position in Gulfport Energy by 84.4% in the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock worth $62,956,000 after purchasing an additional 159,255 shares during the period. Mackay Shields LLC raised its position in Gulfport Energy by 756.6% in the 3rd quarter. Mackay Shields LLC now owns 130,956 shares of the company’s stock worth $23,700,000 after purchasing an additional 115,668 shares during the period. Alliancebernstein L.P. lifted its stake in Gulfport Energy by 328.6% in the second quarter. Alliancebernstein L.P. now owns 131,926 shares of the company’s stock worth $26,540,000 after purchasing an additional 101,146 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Gulfport Energy during the third quarter valued at about $18,266,000.

Insider Activity at Gulfport Energy

In related news, Director Timothy J. Cutt sold 2,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $214.74, for a total transaction of $536,850.00. Following the transaction, the director owned 31,255 shares in the company, valued at $6,711,698.70. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Matthew Rucker sold 10,732 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the completion of the transaction, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at approximately $2,405,962.73. The trade was a 45.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 308,012 shares of company stock valued at $67,100,732 in the last 90 days. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GPOR has been the topic of several analyst reports. Mizuho lifted their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Evercore boosted their price objective on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a research report on Monday, November 10th. Tudor Pickering cut shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulfport Energy in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

Gulfport Energy Price Performance

Shares of GPOR stock opened at $204.21 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. Gulfport Energy Corporation has a fifty-two week low of $153.27 and a fifty-two week high of $225.78. The firm has a market cap of $3.95 billion, a P/E ratio of -107.48 and a beta of 0.61. The business’s 50 day moving average price is $198.09 and its 200-day moving average price is $189.48.

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.