Gulfport Energy Corporation $GPOR Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. cut its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,073 shares of the company’s stock after selling 2,535 shares during the period. Congress Asset Management Co. owned approximately 0.17% of Gulfport Energy worth $6,671,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GPOR. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 7th. Bank of America lifted their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group boosted their price target on shares of Gulfport Energy from $264.00 to $267.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Mizuho increased their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Truist Financial started coverage on shares of Gulfport Energy in a research report on Tuesday. They issued a “hold” rating and a $230.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.90.

Gulfport Energy Trading Up 1.6%

NYSE:GPOR opened at $212.61 on Thursday. Gulfport Energy Corporation has a 1 year low of $153.27 and a 1 year 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 has a fifty day moving average price of $200.02 and a two-hundred day moving average price of $195.81. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 10.46 and a beta of 0.61.

Gulfport Energy (NYSE:GPOR) last issued its 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.

Insider Transactions at Gulfport Energy

In other Gulfport Energy news, Director Silver Point Capital L.P. sold 84,416 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $204.22, for a total value of $17,239,435.52. Following the completion of the transaction, the director directly owned 2,605,729 shares of the company’s stock, valued at approximately $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy J. Cutt sold 5,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 893,835 shares of company stock valued at $182,476,994. 0.62% of the stock is owned by company insiders.

About Gulfport Energy

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.