Gulfport Energy Corporation $GPOR Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC reduced its stake in Gulfport Energy Corporation (NYSE:GPOR) by 39.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,576 shares of the company’s stock after selling 4,965 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Gulfport Energy were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Financial Consulate Inc. bought a new stake in shares of Gulfport Energy in the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the period. Toth Financial Advisory Corp bought a new stake in Gulfport Energy in the second quarter valued at $85,000. Assetmark Inc. boosted its holdings in shares of Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after acquiring an additional 168 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Gulfport Energy by 1,360.5% during the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after acquiring an additional 585 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GPOR shares. UBS Group increased their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Tudor Pickering cut Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Mizuho increased their price objective on Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. Finally, KeyCorp boosted their price target on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $230.88.

Insiders Place Their Bets

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 transaction of $2,002,698.52. Following the completion of the transaction, the chief operating officer 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David D. Wolf sold 1,525 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total transaction of $320,661.75. Following the completion of the sale, the director owned 4,462 shares in the company, valued at approximately $938,224.74. This trade represents a 25.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 312,172 shares of company stock valued at $67,975,930. 0.62% of the stock is currently owned by insiders.

Gulfport Energy Price Performance

NYSE GPOR opened at $178.82 on Friday. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The firm has a market capitalization of $3.45 billion, a PE ratio of -94.12 and a beta of 0.61. The company’s 50 day simple moving average is $203.78 and its 200 day simple moving average is $186.81. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million. Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.

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.