Aristeia Capital L.L.C. Has $7.34 Million Holdings in Gulfport Energy Corporation $GPOR

Aristeia Capital L.L.C. reduced its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,275 shares of the company’s stock after selling 17,465 shares during the quarter. Aristeia Capital L.L.C. owned 0.18% of Gulfport Energy worth $7,337,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 valued at $1,391,000 after purchasing an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gulfport Energy by 14.8% during 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 purchasing an additional 12,327 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Gulfport Energy by 11.6% in the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock valued at $1,178,000 after buying an additional 665 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Gulfport Energy by 16.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock valued at $308,000 after buying an additional 219 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Gulfport Energy in the 2nd quarter valued at $400,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GPOR. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. UBS Group dropped their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday, May 29th. Truist Financial dropped their price objective on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and an average target price of $230.22.

Gulfport Energy Trading Down 1.2%

Shares of Gulfport Energy stock opened at $162.10 on Thursday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 5.54 and a beta of 0.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $181.26 and a 200 day simple moving average of $194.58. Gulfport Energy Corporation has a 12-month low of $159.34 and a 12-month high of $225.78.

Insider Activity

In other news, Director Jason Joseph Martinez sold 400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the transaction, the director owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.