Beaconlight Capital LLC Sells 12,591 Shares of Gulfport Energy Corporation $GPOR

Beaconlight Capital LLC lowered its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 27.0% in the first quarter, Holdings Channel reports. The institutional investor owned 33,981 shares of the company’s stock after selling 12,591 shares during the quarter. Gulfport Energy comprises approximately 3.8% of Beaconlight Capital LLC’s holdings, making the stock its 8th largest position. Beaconlight Capital LLC’s holdings in Gulfport Energy were worth $7,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Gulfport Energy in the 4th quarter valued at $2,478,000. SG Americas Securities LLC increased its position in shares of Gulfport Energy by 93.0% during the 4th quarter. SG Americas Securities LLC now owns 11,822 shares of the company’s stock worth $2,459,000 after purchasing an additional 5,698 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Gulfport Energy by 7.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 108,889 shares of the company’s stock valued at $22,648,000 after acquiring an additional 7,962 shares during the period. BOKF NA raised its position in Gulfport Energy by 66.7% in the fourth quarter. BOKF NA now owns 25,000 shares of the company’s stock valued at $5,200,000 after purchasing an additional 10,000 shares during the period. Finally, Jennison Associates LLC lifted its stake in Gulfport Energy by 14.2% during the fourth quarter. Jennison Associates LLC now owns 671,483 shares of the company’s stock worth $139,662,000 after purchasing an additional 83,613 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GPOR. Mizuho raised Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings lowered shares of Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. UBS Group lowered 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. Finally, Truist Financial dropped their price objective on shares of Gulfport Energy from $219.00 to $190.00 and set a “hold” rating for the company in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $227.00.

Gulfport Energy Stock Down 0.6%

Shares of NYSE GPOR opened at $157.07 on Friday. The business has a 50-day moving average price of $165.15 and a 200 day moving average price of $185.42. The stock has a market cap of $2.82 billion, a PE ratio of 5.37 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. Gulfport Energy Corporation has a 52-week low of $149.18 and a 52-week high of $225.78.

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.