Gulfport Energy Corporation $GPOR Shares Sold by Cercano Management LLC

Cercano Management LLC cut its stake in Gulfport Energy Corporation (NYSE:GPOR) by 74.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,819 shares of the company’s stock after selling 8,127 shares during the quarter. Cercano Management LLC’s holdings in Gulfport Energy were worth $586,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock valued at $195,165,000 after acquiring an additional 68,664 shares during the period. Jennison Associates LLC lifted its holdings in Gulfport Energy by 14.2% in the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock valued at $139,662,000 after acquiring an additional 83,613 shares during the period. State Street Corp lifted its holdings in Gulfport Energy by 1.8% in the second quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after acquiring an additional 8,668 shares during the period. Millennium Management LLC lifted its holdings in Gulfport Energy by 1,281.6% in the third quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after acquiring an additional 395,197 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Gulfport Energy by 10.2% in the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company’s stock valued at $80,630,000 after acquiring an additional 36,953 shares during the period.

Gulfport Energy Stock Down 0.0%

Shares of GPOR opened at $168.53 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. Gulfport Energy Corporation has a one year low of $160.95 and a one year high of $225.78. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 5.76 and a beta of 0.41. The stock has a 50 day moving average price of $191.80 and a 200 day moving average price of $198.38.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GPOR shares. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday. UBS Group cut their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Truist Financial cut their price objective on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Gulfport Energy presently has an average rating of “Moderate Buy” and an average price target of $230.22.

Insider Activity at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares in the company, valued at approximately $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.