Gulfport Energy Corporation $GPOR Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 60,000.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,040 shares of the company’s stock after purchasing an additional 24,000 shares during the period. Hillsdale Investment Management Inc. owned about 0.12% of Gulfport Energy worth $5,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GPOR. Millennium Management LLC raised its position in shares of Gulfport Energy by 1,281.6% in the 3rd quarter. Millennium Management LLC now owns 426,034 shares of the company’s stock valued at $77,104,000 after purchasing an additional 395,197 shares in the last quarter. Goldentree Asset Management LP acquired a new position in shares of Gulfport Energy in the 3rd quarter valued at approximately $44,665,000. Whitebox Advisors LLC raised its position in shares of Gulfport Energy by 148.6% in the 3rd quarter. Whitebox Advisors LLC now owns 274,627 shares of the company’s stock valued at $49,702,000 after purchasing an additional 164,178 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Gulfport Energy by 84.4% in the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company’s stock valued at $62,956,000 after purchasing an additional 159,255 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Gulfport Energy by 93.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company’s stock valued at $56,807,000 after purchasing an additional 152,005 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $251.00 to $252.00 in a report on Wednesday. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $230.22.

Gulfport Energy Price Performance

Shares of NYSE GPOR opened at $169.35 on Friday. Gulfport Energy Corporation has a twelve month low of $160.95 and a twelve 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. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 5.79 and a beta of 0.46. The business has a 50 day simple moving average of $192.51 and a 200-day simple moving average of $198.74.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of the company’s 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 completion of the transaction, the director directly owned 3,888 shares in the company, valued at $829,699.20. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Sluiter sold 9,933 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total value of $2,085,930.00. Following the transaction, the senior vice president owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. The trade was a 45.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 876,258 shares of company stock worth $179,141,707 over the last 90 days. Insiders own 0.70% of the company’s stock.

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.