IFP Advisors Inc Purchases 10,895 Shares of Gulfport Energy Corporation $GPOR

IFP Advisors Inc increased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 20,951.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,947 shares of the company’s stock after acquiring an additional 10,895 shares during the quarter. IFP Advisors Inc owned about 0.06% of Gulfport Energy worth $1,981,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GPOR. Polymer Capital Management US LLC raised its holdings in Gulfport Energy by 3.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Gulfport Energy by 0.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock valued at $3,588,000 after purchasing an additional 108 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the last quarter. Fiduciary Trust Co grew its position in shares of Gulfport Energy by 13.4% during the 3rd quarter. Fiduciary Trust Co now owns 1,272 shares of the company’s stock worth $230,000 after buying an additional 150 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy during the 3rd quarter worth approximately $28,000.

Analyst Ratings Changes

Several brokerages recently weighed in on GPOR. Bank of America increased their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research report on Monday, March 2nd. Tudor Pickering lowered Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued 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 target price of $228.78.

Insider Buying and Selling at Gulfport Energy

In related news, CFO Michael L. Hodges sold 16,769 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the transaction, the chief financial officer directly owned 18,473 shares in the company, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 shares were sold at an average price of $204.22, for a total value of $155,154,102.80. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Insiders sold 893,835 shares of company stock valued at $182,476,994 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $205.10 on Friday. The firm has a market cap of $3.81 billion, a PE ratio of 10.09 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a 1-year low of $153.27 and a 1-year high of $225.78. The company has a fifty day moving average price of $198.08 and a 200 day moving average price of $195.07.

Gulfport Energy (NYSE:GPOR) last released its earnings results 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). 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 the consensus estimate of $373.24 million.

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.