Gulfport Energy Corporation $GPOR Holdings Boosted by Gemsstock Ltd.

Gemsstock Ltd. boosted its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 140.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 188,174 shares of the company’s stock after purchasing an additional 109,979 shares during the quarter. Gulfport Energy accounts for 9.0% of Gemsstock Ltd.’s investment portfolio, making the stock its 6th largest position. Gemsstock Ltd.’s holdings in Gulfport Energy were worth $34,056,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new stake in shares of Gulfport Energy in the 3rd quarter worth $31,000. Federated Hermes Inc. boosted its position in shares of Gulfport Energy by 133.7% during the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after acquiring an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the period. Assetmark Inc. increased its position in Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after purchasing an additional 168 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Gulfport Energy by 1,360.5% during the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after purchasing an additional 585 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GPOR. Mizuho lifted their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Tudor Pickering cut Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. UBS Group increased their price target on Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Zacks Research raised Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $227.20.

Gulfport Energy Stock Up 1.3%

NYSE:GPOR opened at $202.20 on Friday. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The stock’s fifty day moving average is $197.17 and its two-hundred day moving average is $191.20. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.95 and a beta of 0.61. The company has a quick ratio of 0.54, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a net margin of 30.01% and a return on equity of 21.85%. The firm had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, COO Matthew Rucker sold 10,732 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the sale, the chief operating officer directly owned 12,893 shares in the company, valued at $2,405,962.73. This represents a 45.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy J. Cutt sold 2,500 shares of the stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total transaction of $536,850.00. Following the sale, the director directly owned 31,255 shares in the company, valued at $6,711,698.70. This represents a 7.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 308,012 shares of company stock valued at $67,100,732. 0.62% of the stock is owned by insiders.

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.