Jefferies Financial Group Inc. Sells 34,229 Shares of Gulfport Energy Corporation $GPOR

Jefferies Financial Group Inc. lowered its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 94.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,969 shares of the company’s stock after selling 34,229 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Gulfport Energy were worth $410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GPOR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Gulfport Energy by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company’s stock worth $1,391,000 after acquiring an additional 181 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Gulfport Energy by 14.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company’s stock worth $17,631,000 after acquiring an additional 12,327 shares during the period. Intech Investment Management LLC increased its position in Gulfport Energy by 11.6% during the first quarter. Intech Investment Management LLC now owns 6,400 shares of the company’s stock worth $1,178,000 after acquiring an additional 665 shares during the period. Cetera Investment Advisers increased its position in Gulfport Energy by 16.7% during the second quarter. Cetera Investment Advisers now owns 1,532 shares of the company’s stock worth $308,000 after acquiring an additional 219 shares during the period. Finally, Prudential Financial Inc. bought a new position in Gulfport Energy during the second quarter worth $400,000.

Insider Buying and Selling

In other news, Director Jason Joseph Martinez sold 400 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $213.40, for a total value of $85,360.00. Following the sale, the director owned 3,888 shares in the company, valued at approximately $829,699.20. The trade was a 9.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael L. Hodges sold 16,769 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the sale, the chief financial officer owned 18,473 shares in the company, valued at $3,892,261.10. This represents a 47.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 876,258 shares of company stock worth $179,141,707 in the last three months. Company insiders own 0.70% of the company’s stock.

Gulfport Energy Stock Down 1.1%

Shares of NYSE:GPOR opened at $169.35 on Friday. Gulfport Energy Corporation has a 52 week low of $160.95 and a 52 week high of $225.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. The company’s fifty day moving average is $192.51 and its 200-day moving average is $198.74. The company has a market capitalization of $3.04 billion, a PE ratio of 5.79 and a beta of 0.46.

Wall Street Analysts Forecast Growth

GPOR has been the topic of a number of research reports. Bank of America boosted their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded shares of Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. UBS Group decreased their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Finally, Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $251.00 to $252.00 in a research note on Wednesday. One investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $230.22.

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.