Grantham Mayo Van Otterloo & Co. LLC Has $17.33 Million Position in Gulfport Energy Corporation $GPOR

Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,739 shares of the company’s stock after purchasing an additional 3,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Gulfport Energy were worth $17,327,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rafferty Asset Management LLC lifted its stake in shares of Gulfport Energy by 0.6% in the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after buying an additional 108 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Gulfport Energy by 4.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 2,739 shares of the company’s stock valued at $551,000 after buying an additional 121 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after acquiring an additional 127 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Gulfport Energy by 50.5% in the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after acquiring an additional 168 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in shares of Gulfport Energy in the 3rd quarter worth about $31,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. UBS Group raised their target price on Gulfport Energy from $264.00 to $267.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp lifted their target price on Gulfport Energy from $205.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Finally, Tudor Pickering downgraded Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $227.44.

Gulfport Energy Stock Up 0.8%

GPOR opened at $212.08 on Monday. 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 capitalization of $3.94 billion, a P/E ratio of 10.43 and a beta of 0.61. The company’s 50-day moving average is $197.66 and its 200 day moving average is $193.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

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

Insider Activity

In other news, Director Silver Point Capital L.P. sold 759,740 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $204.22, for a total value of $155,154,102.80. Following the transaction, the director owned 2,690,145 shares in the company, valued at $549,381,411.90. The trade was a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy J. Cutt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total value of $1,043,650.00. Following the completion of the transaction, the director directly owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 893,835 shares of company stock worth $182,476,994. Corporate insiders own 0.33% of the company’s stock.

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.