Tectonic Advisors LLC Sells 3,511 Shares of Gulfport Energy Corporation $GPOR

Tectonic Advisors LLC trimmed its position in Gulfport Energy Corporation (NYSE:GPOR) by 28.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,872 shares of the company’s stock after selling 3,511 shares during the period. Tectonic Advisors LLC’s holdings in Gulfport Energy were worth $1,606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GPOR. Financial Consulate Inc. bought a new position in shares of Gulfport Energy during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the period. Toth Financial Advisory Corp bought a new position in Gulfport Energy during the 2nd quarter valued at approximately $85,000. Assetmark Inc. grew its stake in shares of Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock worth $101,000 after acquiring an additional 168 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Gulfport Energy by 1,360.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 628 shares of the company’s stock worth $126,000 after purchasing an additional 585 shares during the last quarter.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $208.00 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average price of $205.53 and a 200-day moving average price of $188.41. Gulfport Energy Corporation has a 52 week low of $153.27 and a 52 week high of $225.78. The firm has a market capitalization of $4.02 billion, a PE ratio of -109.47 and a beta of 0.60.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($1.51). Gulfport Energy had a net margin of 1.68% and a return on equity of 20.95%. The company had revenue of $379.75 million for the quarter, compared to the consensus estimate of $343.18 million.

Wall Street Analyst Weigh In

GPOR has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on shares of Gulfport Energy in a research report on Thursday, October 23rd. They set a “buy” rating and a $250.00 price objective on the stock. KeyCorp upped their target price on shares of Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Mizuho raised their price target on shares of Gulfport Energy from $219.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. UBS Group boosted their price objective on shares of Gulfport Energy from $227.00 to $264.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Zacks Research downgraded Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.88.

Insider Activity

In other news, Director David D. Wolf sold 1,525 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $210.27, for a total value of $320,661.75. Following the transaction, the director directly owned 4,462 shares in the company, valued at $938,224.74. This trade represents a 25.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy J. Cutt sold 2,635 shares of Gulfport Energy stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $210.45, for a total value of $554,535.75. Following the completion of the sale, the director directly owned 35,473 shares of the company’s stock, valued at $7,465,292.85. The trade was a 6.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 296,695 shares of company stock valued at $65,092,132 in the last ninety days. 0.62% of the stock is currently owned by company insiders.

About Gulfport Energy

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.