ProShare Advisors LLC Boosts Holdings in Gulfport Energy Corporation $GPOR

ProShare Advisors LLC increased its position in Gulfport Energy Corporation (NYSE:GPOR) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,124 shares of the company’s stock after purchasing an additional 374 shares during the period. ProShare Advisors LLC’s holdings in Gulfport Energy were worth $628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in Gulfport Energy in the second quarter worth about $85,000. Assetmark Inc. increased its position in shares of Gulfport Energy by 50.5% during the second quarter. Assetmark Inc. now owns 501 shares of the company’s stock valued at $101,000 after acquiring an additional 168 shares in the last quarter. Strs Ohio purchased a new position in Gulfport Energy in the 1st quarter worth approximately $239,000. Pallas Capital Advisors LLC purchased a new position in Gulfport Energy in the 2nd quarter worth approximately $263,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Gulfport Energy by 7.1% in the 2nd 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 acquiring an additional 119 shares in the last quarter.

Gulfport Energy Stock Performance

Shares of NYSE:GPOR opened at $210.62 on Wednesday. The stock has a 50-day moving average price of $186.02. The stock has a market capitalization of $4.07 billion, a PE ratio of -29.33 and a beta of 0.62. 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 current ratio of 0.51 and a quick ratio of 0.51.

Gulfport Energy (NYSE:GPOR) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.13 EPS for the quarter, missing the consensus estimate 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 negative net margin of 9.14% and a positive return on equity of 18.89%.

Wall Street Analysts Forecast Growth

GPOR has been the subject of a number of research analyst reports. Roth Capital started coverage on Gulfport Energy in a report on Monday, October 13th. They issued a “neutral” rating and a $200.00 target price for the company. KeyCorp lifted their price objective on Gulfport Energy from $205.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Gulfport Energy in a research note on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of Gulfport Energy in a research note on Thursday, October 23rd. They issued a “buy” rating and a $250.00 price target for the company. Finally, UBS Group decreased their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.25.

Insiders Place Their Bets

In other news, Director David D. Wolf sold 1,525 shares of Gulfport Energy stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $210.27, for a total transaction of $320,661.75. Following the transaction, the director owned 4,462 shares in the company, valued at $938,224.74. This trade represents a 25.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Timothy J. Cutt sold 2,635 shares of the business’s stock in a transaction on 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 directly owned 35,473 shares of the company’s stock, valued at approximately $7,465,292.85. The trade was a 6.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,760 shares of company stock worth $978,140. Company insiders own 0.62% of the company’s stock.

Gulfport Energy Company 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.