Bank of New York Mellon Corp grew its position in Gulfport Energy Co. (NASDAQ:GPOR) by 7.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,920,781 shares of the oil and gas producer’s stock after purchasing an additional 131,859 shares during the period. Bank of New York Mellon Corp owned approximately 1.11% of Gulfport Energy worth $24,144,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Gulfport Energy by 21.4% in the second quarter. BNP Paribas Arbitrage SA now owns 34,191 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 6,038 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of Gulfport Energy by 12.5% in the second quarter. Aviance Capital Partners LLC now owns 56,215 shares of the oil and gas producer’s stock valued at $706,000 after purchasing an additional 6,237 shares during the period. Shepherd Kaplan Krochuk LLC increased its holdings in shares of Gulfport Energy by 6.0% in the second quarter. Shepherd Kaplan Krochuk LLC now owns 114,930 shares of the oil and gas producer’s stock valued at $1,445,000 after purchasing an additional 6,500 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Gulfport Energy by 15.6% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 52,000 shares of the oil and gas producer’s stock valued at $654,000 after purchasing an additional 7,000 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Gulfport Energy in the second quarter valued at about $101,000.
GPOR has been the topic of a number of research reports. TheStreet raised Gulfport Energy from a “d+” rating to a “c” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. cut their price objective on Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, August 29th. BidaskClub lowered Gulfport Energy from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Gulfport Energy in a report on Friday, September 7th. Finally, Oppenheimer began coverage on Gulfport Energy in a report on Wednesday, October 3rd. They set an “outperform” rating and a $18.00 target price on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.11.
Gulfport Energy stock opened at $8.58 on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of 6.09, a P/E/G ratio of 0.35 and a beta of 0.49. Gulfport Energy Co. has a 52 week low of $8.07 and a 52 week high of $13.74. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.64.
Gulfport Energy (NASDAQ:GPOR) last posted its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. The firm had revenue of $360.96 million for the quarter, compared to analyst estimates of $360.39 million. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. Research analysts anticipate that Gulfport Energy Co. will post 1.79 earnings per share for the current fiscal year.
In other Gulfport Energy news, Director Paul D. Westerman purchased 10,000 shares of the stock in a transaction on Tuesday, November 20th. The shares were bought at an average price of $8.44 per share, for a total transaction of $84,400.00. Following the completion of the transaction, the director now owns 56,689 shares of the company’s stock, valued at approximately $478,455.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.
Gulfport Energy Company Profile
Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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