Artemis Investment Management LLP Cuts Stock Position in Gulfport Energy Corporation $GPOR

Key Points

• Artemis Investment Management cut its stake in Gulfport Energy by 43.4% in Q4, selling 13,256 shares and finishing the quarter with 17,256 shares worth about $3.59 million.
• Large insider selling occurred recently: Silver Point Capital sold 759,740 shares for roughly $155.15 million on March 2, and insiders have sold 876,258 shares totaling about $179.14 million over the last 90 days.
• Analyst outlook is mixed but generally positive — the consensus is a "Moderate Buy" with an average price target of $230.00 amid several recent rating changes.

Artemis Investment Management LLP lessened its holdings in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 43.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,256 shares of the company's stock after selling 13,256 shares during the period. Artemis Investment Management LLP owned approximately 0.09% of Gulfport Energy worth $3,589,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GPOR. Jennison Associates LLC raised its position in shares of Gulfport Energy by 14.2% during the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company's stock valued at $139,662,000 after buying an additional 83,613 shares in the last quarter. Keybank National Association OH lifted its holdings in shares of Gulfport Energy by 58.6% in the 4th quarter. Keybank National Association OH now owns 5,814 shares of the company's stock valued at $1,209,000 after acquiring an additional 2,149 shares during the last quarter. Round Rock Advisors LLC purchased a new position in Gulfport Energy in the fourth quarter worth about $344,000. GF Fund Management CO. LTD. increased its stake in Gulfport Energy by 34.0% during the fourth quarter. GF Fund Management CO. LTD. now owns 4,524 shares of the company's stock worth $941,000 after acquiring an additional 1,148 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in Gulfport Energy during the fourth quarter worth approximately $244,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on GPOR. Truist Financial initiated coverage on Gulfport Energy in a research report on Tuesday, March 24th. They set a "hold" rating and a $230.00 target price on the stock. Wall Street Zen lowered shares of Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. JPMorgan Chase & Co. boosted their price objective on shares of Gulfport Energy from $228.00 to $229.00 and gave the company an "overweight" rating in a research report on Monday, March 16th. 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. Finally, Zacks Research upgraded shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $230.00.

Insider Buying and Selling

In related news, Director Silver Point Capital L.P. sold 759,740 shares of Gulfport Energy stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $204.22, for a total transaction of $155,154,102.80. Following the completion of the sale, the director owned 2,690,145 shares in the company, valued at $549,381,411.90. This trade represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Sluiter sold 9,933 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the completion of the sale, the senior vice president directly owned 11,980 shares of the company's stock, valued at approximately $2,515,800. This trade represents a 45.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 876,258 shares of company stock worth $179,141,707 over the last ninety days. 0.70% of the stock is owned by insiders.

Gulfport Energy Price Performance

GPOR opened at $190.11 on Friday. The business has a fifty day moving average of $200.94 and a 200 day moving average of $199.67. The stock has a market cap of $3.43 billion, a P/E ratio of 9.35, a PEG ratio of 0.92 and a beta of 0.46. 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 Corporation has a 52-week low of $160.95 and a 52-week high of $225.78.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released 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). The business had revenue of $398.19 million during the quarter, compared to analysts' expectations of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%. As a group, sell-side analysts anticipate that Gulfport Energy Corporation will post 24.31 EPS for the current year.

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.

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