State of Alaska Department of Revenue Raises Stock Position in Gulfport Energy Corporation $GPOR

State of Alaska Department of Revenue increased its stake in Gulfport Energy Corporation (NYSE:GPOR) by 449.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,914 shares of the company’s stock after acquiring an additional 3,202 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gulfport Energy were worth $813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Gulfport Energy by 6.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after acquiring an additional 68,664 shares in the last quarter. State Street Corp lifted its stake in Gulfport Energy by 1.8% in the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after buying an additional 8,668 shares in the last quarter. Millennium Management LLC lifted its stake in Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after buying an additional 395,197 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Gulfport Energy by 10.2% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after buying an additional 36,953 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Gulfport Energy by 67.9% in the 3rd quarter. Victory Capital Management Inc. now owns 351,007 shares of the company’s stock valued at $63,525,000 after buying an additional 142,002 shares in the last quarter.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 5,000 shares of the stock in a transaction that occurred on 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 $5,480,206.15. This represents a 16.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 876,258 shares of company stock worth $179,141,707. Corporate insiders own 0.62% of the company’s stock.

Gulfport Energy Stock Up 2.2%

NYSE GPOR opened at $189.17 on Thursday. Gulfport Energy Corporation has a 52 week low of $160.95 and a 52 week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $202.09 and its 200-day simple moving average is $199.42. The firm has a market cap of $3.41 billion, a PE ratio of 9.30 and a beta of 0.59.

Gulfport Energy (NYSE:GPOR) last posted 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 company had revenue of $398.19 million for the quarter, compared to analysts’ expectations of $373.24 million. As a group, equities analysts anticipate that Gulfport Energy Corporation will post 26.25 earnings per share for the current year.

Wall Street Analyst Weigh In

GPOR has been the topic of a number of research reports. Weiss Ratings raised shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Wolfe Research cut Gulfport Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 5th. Bank of America boosted their price target on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Truist Financial began coverage on Gulfport Energy in a research report on Tuesday, March 24th. They set a “hold” rating and a $230.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.

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.