State of New Jersey Common Pension Fund D Purchases 2,844 Shares of Gulfport Energy Corporation $GPOR

State of New Jersey Common Pension Fund D increased its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,628 shares of the company’s stock after purchasing an additional 2,844 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Gulfport Energy worth $2,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GPOR. PNC Financial Services Group Inc. grew its stake in Gulfport Energy by 156.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,611 shares of the company’s stock worth $292,000 after buying an additional 983 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Gulfport Energy by 158.9% in the 3rd quarter. Assetmark Inc. now owns 1,297 shares of the company’s stock worth $235,000 after acquiring an additional 796 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Gulfport Energy during the 3rd quarter worth approximately $213,000. Envestnet Asset Management Inc. increased its holdings in Gulfport Energy by 27.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,694 shares of the company’s stock valued at $1,392,000 after purchasing an additional 1,635 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Gulfport Energy by 84.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after purchasing an additional 159,255 shares in the last quarter.

Analyst Upgrades and Downgrades

GPOR has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. KeyCorp upped their price target on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. Tudor Pickering lowered shares of Gulfport Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, TD Cowen raised shares of Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Gulfport Energy presently has a consensus rating of “Moderate Buy” and an average price target of $230.88.

Insider Buying and Selling at Gulfport Energy

In other news, Director Timothy J. Cutt sold 2,500 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $214.74, for a total value of $536,850.00. Following the transaction, the director directly owned 31,255 shares in the company, valued at $6,711,698.70. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Silver Point Capital L.P. sold 244,489 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $219.56, for a total value of $53,680,004.84. Following the completion of the sale, the director owned 3,495,431 shares of the company’s stock, valued at $767,456,830.36. This represents a 6.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 308,012 shares of company stock valued at $67,100,732 in the last three months. Insiders own 0.33% of the company’s stock.

Gulfport Energy Stock Up 1.6%

Shares of NYSE GPOR opened at $204.84 on Monday. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year high of $225.78. The firm’s 50-day moving average is $197.34 and its 200-day moving average is $190.65. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $3.96 billion, a PE ratio of -107.81 and a beta of 0.61.

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.