GW&K Investment Management LLC Purchases 10,113 Shares of Gulfport Energy Corporation $GPOR

GW&K Investment Management LLC boosted its position in Gulfport Energy Corporation (NYSE:GPOR) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 124,304 shares of the company’s stock after acquiring an additional 10,113 shares during the period. GW&K Investment Management LLC owned 0.64% of Gulfport Energy worth $25,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Gulfport Energy in the third quarter worth approximately $28,000. Allworth Financial LP boosted its holdings in Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after acquiring an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Gulfport Energy in the third quarter worth approximately $148,000.

Analysts Set New Price Targets

Several brokerages have issued reports on GPOR. Truist Financial cut their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. UBS Group cut their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, Bank of America increased their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Insider Activity at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total value of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $167.20 on Thursday. The company has a market cap of $3.00 billion, a PE ratio of 5.71 and a beta of 0.41. Gulfport Energy Corporation has a 52 week low of $160.95 and a 52 week high of $225.78. The business has a 50 day moving average price of $185.72 and a 200-day moving average price of $196.32. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46.

Gulfport Energy Company 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.