PNC Financial Services Group Inc. grew its stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 1,769.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 288,804 shares of the oil and gas producer’s stock after acquiring an additional 273,359 shares during the quarter. PNC Financial Services Group Inc. owned about 0.17% of Gulfport Energy worth $3,005,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in GPOR. LSV Asset Management lifted its position in shares of Gulfport Energy by 320.4% during the 3rd quarter. LSV Asset Management now owns 8,997,054 shares of the oil and gas producer’s stock valued at $93,659,000 after acquiring an additional 6,857,054 shares during the period. BlackRock Inc. lifted its position in shares of Gulfport Energy by 28.6% during the 2nd quarter. BlackRock Inc. now owns 18,812,910 shares of the oil and gas producer’s stock valued at $236,478,000 after acquiring an additional 4,185,982 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Gulfport Energy by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,068,045 shares of the oil and gas producer’s stock valued at $176,834,000 after acquiring an additional 2,578,672 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Gulfport Energy by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,414,119 shares of the oil and gas producer’s stock valued at $45,952,000 after acquiring an additional 1,916,848 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at $20,280,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.
In other news, Director Paul D. Westerman bought 10,000 shares of the stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $8.44 per share, with a total value of $84,400.00. Following the acquisition, the director now directly owns 56,689 shares in the company, valued at $478,455.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.
Gulfport Energy stock opened at $9.32 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.64. Gulfport Energy Co. has a 52 week low of $8.07 and a 52 week high of $13.74. The firm has a market cap of $1.59 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.38 and a beta of 0.48.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. Gulfport Energy had a return on equity of 10.26% and a net margin of 33.89%. The company had revenue of $360.96 million during the quarter, compared to analysts’ expectations of $360.39 million. As a group, research analysts forecast that Gulfport Energy Co. will post 1.81 EPS for the current year.
A number of research firms have recently weighed in on GPOR. BidaskClub upgraded Gulfport Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. JPMorgan Chase & Co. cut their target price on Gulfport Energy from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, August 29th. Piper Jaffray Companies set a $13.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Monday, October 8th. Zacks Investment Research raised Gulfport Energy from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, October 16th. Finally, Oppenheimer set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a report on Friday, October 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. Gulfport Energy presently has an average rating of “Hold” and a consensus price target of $12.72.
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Gulfport Energy 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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