Public Employees Retirement System of Ohio Invests $3.06 Million in Gulfport Energy Corporation $GPOR

Public Employees Retirement System of Ohio purchased a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,056 shares of the company’s stock, valued at approximately $3,064,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GPOR. Advisory Services Network LLC purchased a new position in Gulfport Energy during the 3rd quarter worth $28,000. Allworth Financial LP lifted its holdings in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after buying an additional 85 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after buying an additional 197 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Gulfport Energy during the 4th quarter worth $54,000. Finally, Pinnacle Holdings LLC bought a new position in shares of Gulfport Energy during the 2nd quarter worth $49,000.

Insider Buying and Selling

In other Gulfport Energy news, CAO Matthew Willrath sold 325 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total value of $59,374.25. Following the completion of the transaction, the chief accounting officer owned 2,130 shares of the company’s stock, valued at approximately $389,129.70. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Domenic J. Dell’osso, Jr. acquired 1,600 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $160.61 per share, with a total value of $256,976.00. Following the completion of the purchase, the chief executive officer directly owned 24,349 shares of the company’s stock, valued at approximately $3,910,692.89. This trade represents a 7.03% increase in their position. The SEC filing for this purchase provides additional information. 0.70% of the stock is owned by company insiders.

Gulfport Energy Trading Down 1.6%

Shares of NYSE:GPOR opened at $178.92 on Friday. The business’s 50-day moving average is $165.13 and its 200 day moving average is $180.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The firm has a market capitalization of $3.16 billion, a P/E ratio of 7.16 and a beta of 0.43.

Gulfport Energy (NYSE:GPOR) last issued its quarterly earnings results on Monday, August 3rd. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $3.82 by $1.03. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%.The business had revenue of $323.23 million during the quarter. On average, research analysts predict that Gulfport Energy Corporation will post 22.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GPOR has been the subject of a number of research reports. Zacks Research lowered shares of Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Mizuho upgraded shares of 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, May 27th. Truist Financial lowered their price target on shares of Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday, August 5th. UBS Group dropped their price objective on shares of Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Gulfport Energy from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $223.11.

Gulfport Energy Company 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.