ProShare Advisors LLC Raises Holdings in Gulfport Energy Corporation $GPOR

ProShare Advisors LLC increased its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,124 shares of the company’s stock after acquiring an additional 374 shares during the quarter. ProShare Advisors LLC’s holdings in Gulfport Energy were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of Gulfport Energy in the second quarter worth approximately $85,000. Assetmark Inc. boosted its position in Gulfport Energy by 50.5% during the 2nd quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after buying an additional 168 shares during the period. Strs Ohio bought a new stake in Gulfport Energy in the 1st quarter worth $239,000. Pallas Capital Advisors LLC bought a new stake in Gulfport Energy in the 2nd quarter worth $263,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Gulfport Energy by 7.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company’s stock valued at $359,000 after acquiring an additional 119 shares during the period.

Insider Buying and Selling

In related news, Director David D. Wolf sold 1,525 shares of Gulfport Energy stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total transaction of $320,661.75. Following the completion of the transaction, the director directly owned 4,462 shares of the company’s stock, valued at $938,224.74. This trade represents a 25.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jason Joseph Martinez sold 600 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the sale, the director directly owned 4,288 shares in the company, valued at $735,692.16. The trade was a 12.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,760 shares of company stock worth $978,140 in the last three months. 0.62% of the stock is owned by corporate insiders.

Gulfport Energy Stock Up 0.2%

GPOR opened at $210.62 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.42. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $215.57. The stock has a market cap of $4.07 billion, a PE ratio of -29.33 and a beta of 0.62. The company has a 50 day moving average price of $186.02.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). The firm had revenue of $379.75 million during the quarter, compared to the consensus estimate of $343.18 million. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GPOR. Zacks Research upgraded shares of Gulfport Energy from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. William Blair assumed coverage on Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating for the company. Roth Capital assumed coverage on Gulfport Energy in a research report on Monday, October 13th. They issued a “neutral” rating and a $200.00 price objective on the stock. Mizuho decreased their target price on Gulfport Energy from $227.00 to $199.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.