Gulfport Energy Corporation $GPOR Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Gulfport Energy Corporation (NYSE:GPOR) by 17.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,049 shares of the company’s stock after acquiring an additional 8,571 shares during the period. Bank of New York Mellon Corp’s holdings in Gulfport Energy were worth $11,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GPOR. SummerHaven Investment Management LLC lifted its holdings in Gulfport Energy by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,145 shares of the company’s stock valued at $1,035,000 after purchasing an additional 83 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised 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 buying an additional 119 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in shares of Gulfport Energy by 1.5% in the second quarter. Oliver Luxxe Assets LLC now owns 11,245 shares of the company’s stock worth $2,262,000 after buying an additional 162 shares in the last quarter. Assetmark Inc. boosted its position in Gulfport Energy by 50.5% during 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, Rhumbline Advisers boosted its position in Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company’s stock worth $3,798,000 after acquiring an additional 248 shares during the last quarter.

Insider Buying and Selling at Gulfport Energy

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the transaction, the director owned 4,288 shares of the company’s stock, valued at $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy J. Cutt sold 2,635 shares of Gulfport Energy stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $210.45, for a total transaction of $554,535.75. Following the sale, the director owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,760 shares of company stock valued at $978,140 over the last 90 days. 0.62% of the stock is owned by insiders.

Gulfport Energy Stock Up 0.2%

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

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results 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). The business had revenue of $379.75 million for the quarter, compared to analysts’ expectations 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 analysts have commented on the stock. 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 started coverage on Gulfport Energy in a report on Monday, August 25th. They issued an “outperform” rating for the company. Roth Capital started coverage on Gulfport Energy in a research report on Monday, October 13th. They set a “neutral” rating and a $200.00 price objective on the stock. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Gulfport Energy currently has an average rating of “Moderate Buy” and an average target price of $221.25.

Gulfport Energy 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.