Gulfport Energy Corporation $GPOR Stake Lifted by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its stake in shares of Gulfport Energy Corporation (NYSE:GPOR) by 60,000.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,040 shares of the company’s stock after buying an additional 24,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Gulfport Energy were worth $5,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GPOR. Advisory Services Network LLC bought a new position in shares of Gulfport Energy in the third quarter worth $28,000. Allworth Financial LP grew its stake in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after purchasing an additional 85 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Gulfport Energy by 133.7% in the third quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock worth $40,000 after purchasing an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Gulfport Energy in the third quarter worth $148,000.

Gulfport Energy Trading Down 1.1%

Shares of Gulfport Energy stock opened at $169.35 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 5.79 and a beta of 0.46. The business has a fifty day simple moving average of $192.51 and a 200-day simple moving average of $198.74. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GPOR shares. Weiss Ratings raised Gulfport Energy from a “hold (c)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Bank of America increased their price target on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Wall Street Zen cut Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. TD Cowen raised Gulfport Energy to a “strong-buy” rating in a research note on Monday, February 9th. Finally, UBS Group decreased their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. One 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. Based on data from MarketBeat, Gulfport Energy currently has an average rating of “Moderate Buy” and a consensus target price of $230.22.

Insiders Place Their Bets

In other news, Director Silver Point Capital L.P. sold 84,416 shares of the company’s stock in a transaction on 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 completion of the sale, the director owned 2,605,729 shares in the company, valued at $532,141,976.38. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Michael Sluiter sold 9,933 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.00, for a total value of $2,085,930.00. Following the completion of the sale, the senior vice president owned 11,980 shares of the company’s stock, valued at approximately $2,515,800. This trade represents a 45.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 876,258 shares of company stock valued at $179,141,707. 0.70% of the stock is currently owned by insiders.

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.