Beaconlight Capital LLC Has $2.60 Million Stock Holdings in Gulfport Energy Corporation $GPOR

Beaconlight Capital LLC reduced its position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 54.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,325 shares of the company's stock after selling 18,656 shares during the period. Gulfport Energy accounts for approximately 0.9% of Beaconlight Capital LLC's investment portfolio, making the stock its 26th largest holding. Beaconlight Capital LLC owned approximately 0.09% of Gulfport Energy worth $2,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Gulfport Energy by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,552 shares of the company's stock worth $1,391,000 after buying an additional 181 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Gulfport Energy by 14.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,749 shares of the company's stock valued at $17,631,000 after acquiring an additional 12,327 shares during the last quarter. Intech Investment Management LLC grew its holdings in Gulfport Energy by 11.6% during the 1st quarter. Intech Investment Management LLC now owns 6,400 shares of the company's stock worth $1,178,000 after acquiring an additional 665 shares during the period. Cetera Investment Advisers grew its holdings in Gulfport Energy by 16.7% during the 2nd quarter. Cetera Investment Advisers now owns 1,532 shares of the company's stock worth $308,000 after acquiring an additional 219 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Gulfport Energy during the 2nd quarter valued at $400,000.

Insider Activity

In related news, CEO Domenic J. Dell'osso, Jr. purchased 1,600 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $160.61 per share, with a total value of $256,976.00. Following the transaction, the chief executive officer directly owned 24,349 shares of the company's stock, valued at $3,910,692.89. This trade represents a 7.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GPOR shares. UBS Group reduced their price target on Gulfport Energy from $223.00 to $214.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating for the company in a report on Wednesday, August 5th. Weiss Ratings lowered Gulfport Energy from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Mizuho upgraded Gulfport Energy from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Finally, Zacks Research lowered Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Gulfport Energy currently has a consensus rating of "Moderate Buy" and an average target price of $223.11.

Gulfport Energy Stock Performance

Shares of Gulfport Energy stock opened at $176.36 on Monday. The company has a market capitalization of $3.12 billion, a PE ratio of 7.05 and a beta of 0.41. Gulfport Energy Corporation has a 12 month low of $149.18 and a 12 month high of $225.78. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $163.18 and its 200 day simple moving average is $181.04.

Gulfport Energy (NYSE:GPOR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $1.03. The business had revenue of $323.23 million during the quarter. Gulfport Energy had a return on equity of 21.87% and a net margin of 32.28%. On average, research analysts predict that Gulfport Energy Corporation will post 22.25 EPS for the current year.

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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