Gulfport Energy Corporation $GPOR Shares Sold by Algert Global LLC

Algert Global LLC trimmed its position in Gulfport Energy Corporation (NYSE:GPOR) by 29.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,491 shares of the company’s stock after selling 18,481 shares during the quarter. Algert Global LLC owned about 0.23% of Gulfport Energy worth $7,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GPOR. Financial Consulate Inc. purchased a new stake in Gulfport Energy in the third quarter valued at approximately $31,000. Federated Hermes Inc. lifted its stake in 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 period. EverSource Wealth Advisors LLC lifted its stake in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after acquiring an additional 197 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Gulfport Energy by 1,360.5% in the 2nd 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 last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Gulfport Energy in the third quarter worth $128,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. UBS Group increased their price target on 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 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 report on Monday, February 9th. Finally, Wolfe Research downgraded Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average target price of $226.67.

Insider Activity at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the firm’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 directly owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This trade represents a 16.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Silver Point Capital L.P. sold 84,416 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the transaction, the director owned 2,605,729 shares in the company, valued at $532,141,976.38. The trade was a 3.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 893,835 shares of company stock worth $182,476,994 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Gulfport Energy Stock Performance

NYSE GPOR opened at $199.97 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $196.45 and its 200-day simple moving average is $194.45. The company has a market cap of $3.71 billion, a PE ratio of 9.84 and a beta of 0.61. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78.

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

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.