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

Congress Asset Management Co. trimmed its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 7.3% during the fourth quarter, Holdings Channel reports. The firm owned 32,073 shares of the company’s stock after selling 2,535 shares during the quarter. Congress Asset Management Co.’s holdings in Gulfport Energy were worth $6,671,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Gulfport Energy by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after buying an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Gulfport Energy by 14.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock valued at $17,631,000 after acquiring an additional 12,327 shares during the last quarter. Intech Investment Management LLC increased its holdings in Gulfport Energy by 11.6% during the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after acquiring an additional 665 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Gulfport Energy by 1,360.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock valued at $126,000 after acquiring an additional 585 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in Gulfport Energy by 16.7% during the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after acquiring an additional 219 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have issued reports on GPOR shares. Wall Street Zen downgraded shares of Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Bank of America raised their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their target price on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Tudor Pickering cut Gulfport Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Gulfport Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.90.

Insider Activity at Gulfport Energy

In other news, Director Silver Point Capital L.P. sold 759,740 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $204.22, for a total transaction of $155,154,102.80. Following the transaction, the director directly owned 2,690,145 shares in the company, valued at $549,381,411.90. This represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael Sluiter sold 9,933 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the completion of the sale, the senior vice president directly owned 11,980 shares in the company, valued at $2,515,800. This represents a 45.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 893,835 shares of company stock worth $182,476,994. Corporate insiders own 0.62% of the company’s stock.

Gulfport Energy Price Performance

Shares of NYSE:GPOR opened at $212.61 on Thursday. The company has a market cap of $3.95 billion, a P/E ratio of 10.46 and a beta of 0.61. The business has a fifty day simple moving average of $200.02 and a 200-day simple moving average of $195.81. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR) last released its earnings results on Tuesday, February 24th. The company reported $5.60 earnings per share 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 business had revenue of $398.19 million for the quarter, compared to analysts’ expectations of $373.24 million.

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.