Gulfport Energy Corporation $GPOR Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in Gulfport Energy Corporation (NYSE:GPOR) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,853 shares of the company’s stock after selling 5,094 shares during the quarter. IFP Advisors Inc’s holdings in Gulfport Energy were worth $1,217,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $28,000. Allworth Financial LP raised its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 valued at $50,000 after purchasing an additional 197 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $128,000.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 759,740 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $204.22, for a total value of $155,154,102.80. Following the completion of the transaction, the director owned 2,690,145 shares in the company, valued at approximately $549,381,411.90. This represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael L. Hodges sold 16,769 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the transaction, the chief financial officer owned 18,473 shares of the company’s stock, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 876,258 shares of company stock worth $179,141,707 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Gulfport Energy Price Performance

GPOR opened at $178.26 on Friday. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 6.09 and a beta of 0.46. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The company’s 50-day moving average price is $195.06 and its 200 day moving average price is $199.63. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). The business had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a return on equity of 23.51% and a net margin of 35.72%. As a group, sell-side analysts expect that Gulfport Energy Corporation will post 24.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GPOR. JPMorgan Chase & Co. upped their target price on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Truist Financial dropped their price objective on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. TD Cowen upgraded shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group dropped their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.11.

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.