Aventail Capital Group LP Sells 78,381 Shares of Gulfport Energy Corporation $GPOR

Aventail Capital Group LP lowered its position in Gulfport Energy Corporation (NYSE:GPOR) by 78.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,108 shares of the company’s stock after selling 78,381 shares during the quarter. Aventail Capital Group LP’s holdings in Gulfport Energy were worth $4,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Gulfport Energy by 84.4% during the third quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock worth $62,956,000 after acquiring an additional 159,255 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Gulfport Energy by 93.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock worth $56,807,000 after acquiring an additional 152,005 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Gulfport Energy by 67.9% in the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after purchasing an additional 142,002 shares in the last quarter. Mackay Shields LLC boosted its stake in shares of Gulfport Energy by 756.6% in the 3rd quarter. Mackay Shields LLC now owns 130,956 shares of the company’s stock valued at $23,700,000 after purchasing an additional 115,668 shares in the last quarter. Finally, Gemsstock Ltd. grew its holdings in shares of Gulfport Energy by 140.6% during the 3rd quarter. Gemsstock Ltd. now owns 188,174 shares of the company’s stock valued at $34,056,000 after purchasing an additional 109,979 shares during the last quarter.

Gulfport Energy Stock Up 0.5%

Shares of NYSE GPOR opened at $197.05 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The firm’s fifty day moving average is $196.21 and its 200 day moving average is $194.13. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 9.69 and a beta of 0.61.

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

Insider Activity

In related news, COO Matthew Rucker sold 10,732 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $186.61, for a total value of $2,002,698.52. Following the sale, the chief operating officer directly owned 12,893 shares of the company’s stock, valued at $2,405,962.73. This trade represents a 45.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy J. Cutt sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 26,255 shares in the company, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 893,835 shares of company stock valued at $182,476,994. 0.62% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on GPOR. UBS Group lifted their target price on shares of Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. Weiss Ratings upgraded Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a report on Monday, March 2nd. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $227.44.

Gulfport Energy Company 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.