Artemis Investment Management LLP Sells 13,256 Shares of Gulfport Energy Corporation $GPOR

Artemis Investment Management LLP reduced its position in Gulfport Energy Corporation (NYSE:GPOR) by 43.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,256 shares of the company’s stock after selling 13,256 shares during the period. Artemis Investment Management LLP’s holdings in Gulfport Energy were worth $3,589,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GPOR. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy in the 3rd quarter valued at about $28,000. Financial Consulate Inc. purchased a new stake in shares of Gulfport Energy in the 3rd quarter worth approximately $31,000. Federated Hermes Inc. boosted its stake in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in Gulfport Energy during the third quarter valued at approximately $128,000.

Insider Buying and Selling

In other Gulfport Energy news, Director Timothy J. Cutt sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $208.73, for a total value of $1,043,650.00. Following the completion of the sale, the director owned 26,255 shares of the company’s stock, valued at approximately $5,480,206.15. This trade represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Point Capital L.P. sold 84,416 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total value of $17,239,435.52. Following the sale, the director owned 2,605,729 shares in the company, valued at $532,141,976.38. The trade was a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 876,258 shares of company stock valued at $179,141,707 in the last 90 days. 0.70% of the stock is owned by insiders.

Gulfport Energy Stock Performance

Shares of GPOR stock opened at $190.11 on Friday. The business’s fifty day simple moving average is $200.94 and its 200-day simple moving average is $199.67. The company has a market cap of $3.43 billion, a PE ratio of 9.35, a PEG ratio of 0.92 and a beta of 0.46. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43. Gulfport Energy Corporation has a 12-month low of $160.95 and a 12-month high of $225.78.

Gulfport Energy (NYSE:GPOR) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts’ consensus estimates of $5.61 by ($0.01). Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.The business had revenue of $398.19 million during the quarter, compared to analyst estimates of $373.24 million. Analysts expect that Gulfport Energy Corporation will post 24.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GPOR has been the subject of a number of analyst reports. TD Cowen upgraded Gulfport Energy to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lifted their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Truist Financial initiated coverage on Gulfport Energy in a research report on Tuesday, March 24th. They issued a “hold” rating and a $230.00 price target for the company. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, UBS Group dropped their price objective on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $230.00.

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.