Gulfport Energy Corporation $GPOR Shares Bought by Gemsstock Ltd.

Gemsstock Ltd. grew its position in Gulfport Energy Corporation (NYSE:GPOR) by 79.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 337,349 shares of the company’s stock after buying an additional 149,175 shares during the period. Gulfport Energy makes up 10.1% of Gemsstock Ltd.’s portfolio, making the stock its 2nd largest position. Gemsstock Ltd.’s holdings in Gulfport Energy were worth $70,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Gulfport Energy by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after buying an additional 68,664 shares during the period. Jennison Associates LLC lifted its position in Gulfport Energy by 14.2% in the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after acquiring an additional 83,613 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Gulfport Energy by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after acquiring an additional 34,716 shares in the last quarter. State Street Corp lifted its position in Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after acquiring an additional 8,668 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares in the last quarter.

Gulfport Energy Trading Up 2.5%

Shares of NYSE:GPOR opened at $166.48 on Friday. The company’s 50-day moving average price is $183.89 and its two-hundred day moving average price is $195.81. 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 Corporation has a one year low of $160.95 and a one year high of $225.78. The stock has a market capitalization of $2.99 billion, a PE ratio of 5.69 and a beta of 0.41.

Insider Buying and Selling

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the sale, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GPOR shares. JPMorgan Chase & Co. boosted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Bank of America boosted their price objective 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. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. UBS Group cut 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 report on Thursday, April 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.22.

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.