Teacher Retirement System of Texas Cuts Position in Gulfport Energy Corporation $GPOR

Teacher Retirement System of Texas cut its stake in Gulfport Energy Corporation (NYSE:GPOR) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,683 shares of the company’s stock after selling 1,464 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Gulfport Energy worth $2,149,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SummerHaven Investment Management LLC increased its holdings in shares of Gulfport Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock valued at $1,035,000 after acquiring an additional 83 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Gulfport Energy by 7.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock worth $359,000 after buying an additional 119 shares during the last quarter. Oliver Luxxe Assets LLC grew its stake in Gulfport Energy by 1.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company’s stock worth $2,262,000 after buying an additional 162 shares during the last quarter. Rhumbline Advisers grew its stake in Gulfport Energy by 1.2% during the 1st quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after buying an additional 248 shares during the last quarter. Finally, Toth Financial Advisory Corp purchased a new position in Gulfport Energy during the 2nd quarter worth $85,000.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. William Blair assumed coverage on Gulfport Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Finally, Roth Capital assumed coverage on Gulfport Energy in a research note on Monday, October 13th. They set a “neutral” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.63.

Gulfport Energy Trading Up 4.7%

Shares of NYSE:GPOR opened at $194.76 on Tuesday. Gulfport Energy Corporation has a twelve month low of $136.70 and a twelve month high of $210.32. The stock has a 50 day simple moving average of $178.84. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.42 billion, a P/E ratio of -27.13 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $298.62 million during the quarter. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Insider Activity

In other news, Director Jason Joseph Martinez sold 600 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares of the company’s stock, valued at $735,692.16. The trade was a 12.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.