75,000 Shares in Gulfport Energy Corporation $GPOR Purchased by Lighthouse Investment Partners LLC

Key Points

• Lighthouse Investment Partners LLC purchased 75,000 shares of Gulfport Energy (NYSE:GPOR) in the third quarter, a stake worth about $13.57 million and roughly 0.39% of the company.
• Company insiders sold a total of 893,835 shares valued at approximately $182.48 million over the last three months, leaving insiders with only about 0.33% ownership.
• Gulfport trades near $197 with a $3.66 billion market cap and a P/E of 9.69; last quarter EPS was $5.60 (missed by $0.01) while revenue of $398.2 million beat estimates, and analysts hold a consensus Moderate Buy with an average price target of $227.44.

Lighthouse Investment Partners LLC purchased a new stake in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 75,000 shares of the company's stock, valued at approximately $13,574,000. Lighthouse Investment Partners LLC owned about 0.39% of Gulfport Energy at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Gulfport Energy by 6.8% in the third quarter. Vanguard Group Inc. now owns 1,078,379 shares of the company's stock worth $195,165,000 after purchasing an additional 68,664 shares during the last quarter. State Street Corp grew its stake in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company's stock valued at $97,056,000 after buying an additional 8,668 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Gulfport Energy by 10.2% during the second quarter. Adage Capital Partners GP L.L.C. now owns 400,803 shares of the company's stock valued at $80,630,000 after buying an additional 36,953 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Gulfport Energy by 67.9% in the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company's stock worth $63,525,000 after buying an additional 142,002 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Gulfport Energy by 84.4% during the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company's stock worth $62,956,000 after acquiring an additional 159,255 shares during the last quarter.

Gulfport Energy Stock Up 0.5%

Shares of NYSE:GPOR opened at $197.05 on Monday. The business's 50 day moving average is $196.21 and its 200 day moving average is $194.28. The stock has a market cap of $3.66 billion, a P/E ratio of 9.69 and a beta of 0.61. Gulfport Energy Corporation has a 52-week low of $153.27 and a 52-week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its earnings results 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 net margin of 30.01% and a return on equity of 21.85%. The firm had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million.

Insider Transactions at Gulfport Energy

In related news, SVP Lester Zitkus sold 4,745 shares of Gulfport Energy stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $185.69, for a total value of $881,099.05. Following the completion of the sale, the senior vice president directly owned 7,821 shares in the company, valued at $1,452,281.49. The trade was a 37.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy J. Cutt sold 5,000 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the completion of the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 893,835 shares of company stock valued at $182,476,994 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on GPOR. UBS Group boosted their price objective on Gulfport Energy from $264.00 to $267.00 and gave the company a "buy" rating in a report on Thursday, March 5th. Wall Street Zen downgraded Gulfport Energy from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Wolfe Research lowered shares of Gulfport Energy from an "outperform" rating to a "peer perform" rating in a research note on Monday, January 5th. Zacks Research upgraded shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 7th. Finally, Weiss Ratings raised shares of Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $227.44.

Gulfport Energy 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.

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