Fort Washington Investment Advisors Inc. OH Buys 7,962 Shares of Gulfport Energy Corporation $GPOR

Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,889 shares of the company’s stock after buying an additional 7,962 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.56% of Gulfport Energy worth $22,648,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GPOR. Vanguard Group Inc. increased its stake in shares of Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after buying an additional 68,664 shares during the period. State Street Corp lifted its stake in shares of Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock worth $97,056,000 after acquiring an additional 8,668 shares during the period. Millennium Management LLC boosted its holdings in Gulfport Energy by 1,281.6% in the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Gulfport Energy by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after acquiring an additional 36,953 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Gulfport Energy by 67.9% during 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 during the period.

Insider Transactions at Gulfport Energy

In other news, Director Silver Point Capital L.P. sold 84,416 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were 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 approximately $532,141,976.38. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This represents a 16.00% decrease in their ownership of the stock. 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 insiders.

Gulfport Energy Price Performance

Gulfport Energy stock opened at $216.44 on Friday. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.65 and a beta of 0.61. Gulfport Energy Corporation has a 52-week low of $153.27 and a 52-week high of $225.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.68. The stock’s 50 day moving average price is $201.50 and its two-hundred day moving average price is $196.27.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million during 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%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wolfe Research lowered shares of Gulfport Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, January 5th. Bank of America upped their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Mizuho lifted their target price on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $228.90.

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.