Congress Asset Management Co. Makes New $6.91 Million Investment in Gulfport Energy Corporation $GPOR

Congress Asset Management Co. acquired a new position in Gulfport Energy Corporation (NYSE:GPOR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,324 shares of the company's stock, valued at approximately $6,905,000. Congress Asset Management Co. owned approximately 0.19% of Gulfport Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of GPOR. Canoe Financial LP acquired a new position in shares of Gulfport Energy during the second quarter valued at $13,257,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Gulfport Energy by 337.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 61,700 shares of the company's stock valued at $12,412,000 after acquiring an additional 47,600 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Gulfport Energy by 243.6% during the second quarter. Assenagon Asset Management S.A. now owns 42,763 shares of the company's stock valued at $8,603,000 after acquiring an additional 30,317 shares during the period. Miller Howard Investments Inc. NY lifted its stake in shares of Gulfport Energy by 84.4% during the second quarter. Miller Howard Investments Inc. NY now owns 24,380 shares of the company's stock valued at $4,905,000 after acquiring an additional 11,157 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Gulfport Energy by 1.2% during the first quarter. Rhumbline Advisers now owns 20,623 shares of the company's stock valued at $3,798,000 after acquiring an additional 248 shares during the period.

Insider Activity

In other Gulfport Energy news, Director Jason Joseph Martinez sold 600 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total value of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares in the company, valued at $735,692.16. This represents a 12.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen raised Gulfport Energy to a "strong-buy" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. upped their price target on Gulfport Energy from $208.00 to $236.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Mizuho cut their price target on Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. KeyCorp cut their price target on Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Finally, UBS Group cut their target price on Gulfport Energy from $240.00 to $227.00 and set a "buy" rating on the stock in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Gulfport Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.00.

Gulfport Energy Trading Up 1.3%

NYSE:GPOR opened at $178.86 on Friday. Gulfport Energy Corporation has a 1-year low of $136.45 and a 1-year high of $210.32. The firm has a 50-day moving average of $170.94. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -24.91 and a beta of 0.62.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $4.06 earnings per share for the quarter, missing the consensus estimate of $4.91 by ($0.85). Gulfport Energy had a negative net margin of 9.14% and a positive return on equity of 18.89%. The company had revenue of $447.62 million during the quarter, compared to analyst estimates of $334.57 million.

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.

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