California State Teachers Retirement System Has $3.10 Million Stock Holdings in Gulfport Energy Corporation $GPOR

Key Points

• California State Teachers Retirement System reduced its Gulfport Energy stake by 2.8% to 18,266 shares, valued at approximately $3.10 million. Other institutions, including Dimensional Fund Advisors and Assenagon Asset Management, increased their holdings.
• Gulfport Energy reported quarterly EPS of $4.85, exceeding estimates of $3.82, on revenue of $323.23 million. The company posted a 32.28% net margin and analysts expect full-year EPS of $22.25.
• GPOR recently traded at $177.85, while analysts maintain a consensus “Hold” rating with an average price target of $217.50; targets and opinions range from JPMorgan’s $194 underweight view to UBS’s $223 buy target.

California State Teachers Retirement System trimmed its position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,266 shares of the company's stock after selling 531 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Gulfport Energy worth $3,099,740 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Gulfport Energy by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company's stock worth $133,317,000 after buying an additional 34,486 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Gulfport Energy by 4,946.1% in the first quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock valued at $98,892,000 after purchasing an additional 458,156 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Gulfport Energy by 12.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 398,931 shares of the company's stock valued at $84,402,000 after purchasing an additional 45,682 shares during the period. Geode Capital Management LLC raised its position in Gulfport Energy by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 367,429 shares of the company's stock valued at $76,439,000 after purchasing an additional 3,853 shares in the last quarter. Finally, Gemsstock Ltd. grew its position in Gulfport Energy by 79.3% during the 4th quarter. Gemsstock Ltd. now owns 337,349 shares of the company's stock worth $70,165,000 after purchasing an additional 149,175 shares during the last quarter.

Gulfport Energy Price Performance

Shares of NYSE GPOR traded up $4.79 during midday trading on Tuesday, hitting $177.85. The stock had a trading volume of 138,985 shares, compared to its average volume of 344,286. The stock has a 50 day simple moving average of $166.20 and a 200-day simple moving average of $179.34. The company has a market capitalization of $3.14 billion, a PE ratio of 7.11 and a beta of 0.43. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $3.82 by $1.03. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. The company had revenue of $323.23 million during the quarter. On average, sell-side analysts expect that Gulfport Energy Corporation will post 22.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Matthew Willrath sold 325 shares of Gulfport Energy stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction of $59,374.25. Following the transaction, the chief accounting officer owned 2,130 shares of the company's stock, valued at $389,129.70. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Domenic Dell'osso, Jr. purchased 1,600 shares of the company's stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $160.61 per share, with a total value of $256,976.00. Following the completion of the transaction, the chief executive officer owned 24,349 shares of the company's stock, valued at $3,910,692.89. This represents a 7.03% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GPOR. UBS Group reiterated a "buy" rating and issued a $223.00 price target on shares of Gulfport Energy in a research note on Monday. 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. Stifel Nicolaus assumed coverage on shares of Gulfport Energy in a report on Wednesday, September 9th. They set a "hold" rating and a $193.00 target price for the company. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $194.00 price objective (down from $240.00) on shares of Gulfport Energy in a research note on Tuesday, September 8th. Finally, Mizuho upgraded Gulfport Energy from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $217.50.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport's principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.