Arrowstreet Capital Limited Partnership purchased a new stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) in the fourth quarter, Holdings Channel reports. The firm purchased 76,656 shares of the oil and gas producer’s stock, valued at approximately $978,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Gulfport Energy by 22.6% during the 3rd quarter. Janus Henderson Group PLC now owns 6,467,222 shares of the oil and gas producer’s stock valued at $92,740,000 after purchasing an additional 1,193,723 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Gulfport Energy by 57.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,141,604 shares of the oil and gas producer’s stock valued at $73,731,000 after purchasing an additional 1,881,196 shares in the last quarter. Boston Partners grew its position in shares of Gulfport Energy by 7.7% during the 4th quarter. Boston Partners now owns 4,523,096 shares of the oil and gas producer’s stock valued at $57,714,000 after purchasing an additional 321,810 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Gulfport Energy by 7.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,522,206 shares of the oil and gas producer’s stock valued at $64,848,000 after purchasing an additional 293,973 shares in the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Gulfport Energy by 39.1% during the 4th quarter. Schroder Investment Management Group now owns 4,278,562 shares of the oil and gas producer’s stock valued at $54,594,000 after purchasing an additional 1,202,052 shares in the last quarter. Hedge funds and other institutional investors own 87.79% of the company’s stock.
A number of analysts have recently issued reports on GPOR shares. Barclays downgraded shares of Gulfport Energy from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a report on Monday, November 20th. KeyCorp reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gulfport Energy in a report on Friday, November 24th. Scotiabank set a $22.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Saturday, November 25th. Williams Capital set a $18.00 price objective on shares of Gulfport Energy and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $26.00 price objective on shares of Gulfport Energy in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.82.
Gulfport Energy (NASDAQ:GPOR) last posted its quarterly earnings results on Wednesday, February 21st. The oil and gas producer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. The business had revenue of $397.85 million during the quarter, compared to the consensus estimate of $337.95 million. Gulfport Energy had a net margin of 32.96% and a return on equity of 8.64%. During the same period in the previous year, the firm posted $0.34 earnings per share. equities analysts anticipate that Gulfport Energy Co. will post 1.31 EPS for the current fiscal year.
Gulfport Energy declared that its Board of Directors has approved a stock repurchase plan on Monday, January 29th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
In other Gulfport Energy news, VP Steve Baldwin sold 4,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $12.17, for a total value of $48,680.00. Following the completion of the sale, the vice president now directly owns 32,634 shares of the company’s stock, valued at $397,155.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael G. Moore sold 118,494 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total transaction of $1,440,887.04. Following the completion of the sale, the chief executive officer now directly owns 295,449 shares of the company’s stock, valued at $3,592,659.84. The disclosure for this sale can be found here. Insiders sold 151,253 shares of company stock valued at $1,839,219 over the last three months. 0.31% of the stock is currently owned by insiders.
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Gulfport Energy Profile
Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.
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