Gulfport Energy Corporation $GPOR Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 19.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 53,686 shares of the company’s stock after selling 13,320 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.31% of Gulfport Energy worth $9,716,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Global Alpha Capital Management Ltd. boosted its position in shares of Gulfport Energy by 4.5% in the 2nd quarter. Global Alpha Capital Management Ltd. now owns 163,160 shares of the company’s stock valued at $32,823,000 after purchasing an additional 7,000 shares during the period. Pacer Advisors Inc. purchased a new stake in Gulfport Energy during the third quarter valued at about $13,418,000. Stephens Investment Management Group LLC boosted its holdings in shares of Gulfport Energy by 29.0% in the third quarter. Stephens Investment Management Group LLC now owns 48,001 shares of the company’s stock worth $8,687,000 after buying an additional 10,786 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Gulfport Energy by 45.5% in the third quarter. Assenagon Asset Management S.A. now owns 62,221 shares of the company’s stock worth $11,261,000 after buying an additional 19,458 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gulfport Energy in the second quarter worth approximately $557,000.

Gulfport Energy Stock Down 0.2%

GPOR stock opened at $194.02 on Friday. The company has a 50 day moving average of $201.73 and a two-hundred day moving average of $186.98. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -102.12 and a beta of 0.61. Gulfport Energy Corporation has a 12-month low of $153.27 and a 12-month high of $225.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a return on equity of 20.95% and a net margin of 1.68%.The company had revenue of $379.75 million during the quarter, compared to analyst estimates of $343.18 million.

Insider Buying and Selling

In related news, Director Silver Point Capital L.P. sold 244,489 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $219.56, for a total transaction of $53,680,004.84. Following the transaction, the director owned 3,495,431 shares of the company’s stock, valued at approximately $767,456,830.36. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Matthew Rucker sold 10,732 shares of Gulfport Energy stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $186.61, for a total transaction of $2,002,698.52. Following the completion of the sale, the chief operating officer owned 12,893 shares of the company’s stock, valued at $2,405,962.73. This trade represents a 45.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 312,172 shares of company stock worth $67,975,930. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on GPOR. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research report on Monday, December 29th. UBS Group boosted their target price on shares of Gulfport Energy from $227.00 to $264.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Evercore ISI increased their target price on Gulfport Energy from $190.00 to $210.00 and gave the company an “in-line” rating in a report on Monday, November 10th. KeyCorp raised their target price on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Wall Street Zen raised Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $230.88.

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.