SIR Capital Management L.P. Decreases Position in Gulfport Energy Corporation $GPOR

SIR Capital Management L.P. lessened its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 41.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,751 shares of the company’s stock after selling 38,784 shares during the period. Gulfport Energy makes up approximately 1.3% of SIR Capital Management L.P.’s portfolio, making the stock its 29th largest position. SIR Capital Management L.P.’s holdings in Gulfport Energy were worth $11,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polymer Capital Management US LLC lifted its position in shares of Gulfport Energy by 3.8% during the 3rd quarter. Polymer Capital Management US LLC now owns 2,193 shares of the company’s stock worth $397,000 after purchasing an additional 81 shares during the last quarter. Allworth Financial LP lifted its position in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Gulfport Energy by 3.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the company’s stock worth $615,000 after purchasing an additional 94 shares during the last quarter. King Luther Capital Management Corp lifted its position in shares of Gulfport Energy by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 23,535 shares of the company’s stock worth $4,895,000 after purchasing an additional 102 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in shares of Gulfport Energy by 0.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 17,836 shares of the company’s stock worth $3,588,000 after purchasing an additional 108 shares during the last quarter.

Gulfport Energy Stock Up 2.5%

Shares of NYSE:GPOR opened at $166.48 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 5.69 and a beta of 0.41. The firm’s 50-day simple moving average is $183.89 and its 200-day simple moving average is $195.81. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 400 shares of Gulfport Energy stock in a transaction dated 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 of the company’s stock, valued at $829,699.20. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research report on Friday, May 29th. Finally, Bank of America lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $230.22.

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.