SG Americas Securities LLC Increases Stock Position in Gulfport Energy Corporation $GPOR

SG Americas Securities LLC raised its stake in Gulfport Energy Corporation (NYSE:GPOR) by 177.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,810 shares of the company’s stock after acquiring an additional 20,988 shares during the period. SG Americas Securities LLC owned 0.18% of Gulfport Energy worth $6,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Polymer Capital Management US LLC lifted its holdings in shares of Gulfport Energy by 3.8% in the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock valued at $397,000 after purchasing an additional 81 shares during the last quarter. Allworth Financial LP grew its stake in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Gulfport Energy by 3.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after buying an additional 94 shares during the period. King Luther Capital Management Corp increased its position in Gulfport Energy by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after buying an additional 102 shares during the period. Finally, Rafferty Asset Management LLC increased its position in Gulfport Energy by 0.6% during the second quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after buying an additional 108 shares during the period.

Analyst Upgrades and Downgrades

GPOR has been the subject of several research analyst reports. Bank of America increased their price objective on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings cut shares of Gulfport Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Truist Financial decreased their price target 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. raised their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. One equities research 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 stock. According to data from MarketBeat, Gulfport Energy has a consensus rating of “Moderate Buy” and an average price target of $230.22.

Insider Activity at Gulfport Energy

In other 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 sale, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. The trade was a 9.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Gulfport Energy Stock Down 0.3%

GPOR stock opened at $162.40 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $175.90 and its 200 day moving average price is $191.85. Gulfport Energy Corporation has a 52 week low of $158.91 and a 52 week high of $225.78. The company has a market cap of $2.92 billion, a P/E ratio of 5.55 and a beta of 0.41.

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.