Assenagon Asset Management S.A. Raises Position in Gulfport Energy Corporation $GPOR

Assenagon Asset Management S.A. increased its stake in Gulfport Energy Corporation (NYSE:GPOR) by 4,946.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,419 shares of the company’s stock after acquiring an additional 458,156 shares during the period. Assenagon Asset Management S.A.’s holdings in Gulfport Energy were worth $98,892,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Gulfport Energy by 6.8% during the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company’s stock worth $195,165,000 after purchasing an additional 68,664 shares during the period. Jennison Associates LLC grew its position in shares of Gulfport Energy by 14.2% in the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after buying an additional 83,613 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Gulfport Energy by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 595,613 shares of the company’s stock valued at $123,892,000 after purchasing an additional 34,716 shares in the last quarter. Victory Capital Management Inc. increased its position in Gulfport Energy by 50.3% during the 4th quarter. Victory Capital Management Inc. now owns 527,393 shares of the company’s stock valued at $109,692,000 after buying an additional 176,386 shares in the last quarter. Finally, State Street Corp increased its position in Gulfport Energy by 1.8% during the 2nd quarter. State Street Corp now owns 482,458 shares of the company’s stock valued at $97,056,000 after buying an additional 8,668 shares in the last quarter.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction 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 sale, the director directly owned 3,888 shares of the company’s stock, valued at $829,699.20. This trade represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

Gulfport Energy Stock Down 0.4%

Gulfport Energy stock opened at $160.91 on Thursday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 5.50 and a beta of 0.41. The stock has a fifty day simple moving average of $177.12 and a two-hundred day simple moving average of $192.58. Gulfport Energy Corporation has a 12 month low of $159.00 and a 12 month high of $225.78. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Truist Financial dropped their target price 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 restated a “buy (b)” rating on shares of Gulfport Energy in a report on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Bank of America upped their price target 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. Finally, Mizuho raised 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 report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.22.

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.