Empowered Funds LLC Sells 11,226 Shares of Gulfport Energy Corporation $GPOR

Key Points

• Empowered Funds LLC reduced its Gulfport Energy stake by 69.5% in the first quarter, selling 11,226 shares and retaining 4,921 shares valued at approximately $1.04 million.
• Analyst sentiment remains mixed but leans positive: Gulfport has an overall “Moderate Buy” rating and an average price target of $223.11, despite recent target reductions and downgrades from some firms.
• CEO Domenic J. Dell’Osso Jr. purchased 1,600 shares for about $257,000, increasing his direct holdings by 7.03%; GPOR shares recently traded at $170.69, up 0.4%.

Empowered Funds LLC cut its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 69.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,921 shares of the company's stock after selling 11,226 shares during the quarter. Empowered Funds LLC's holdings in Gulfport Energy were worth $1,041,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC bought a new position in Gulfport Energy during the third quarter worth $28,000. Allworth Financial LP increased its holdings in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company's stock worth $33,000 after purchasing an additional 85 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Gulfport Energy by 364.8% during the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock valued at $50,000 after buying an additional 197 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Gulfport Energy in the fourth quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Gulfport Energy by 866.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company's stock worth $84,000 after buying an additional 364 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GPOR shares. Zacks Research lowered Gulfport Energy from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Weiss Ratings lowered Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. Truist Financial lowered their price objective on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a research report on Wednesday, August 5th. UBS Group cut their target price on Gulfport Energy from $223.00 to $214.00 and set a "buy" rating for the company in a research note on Wednesday, August 5th. Finally, Mizuho raised 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 research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Gulfport Energy currently has an average rating of "Moderate Buy" and an average target price of $223.11.

Gulfport Energy Trading Up 0.4%

Shares of GPOR opened at $170.69 on Monday. 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 has a market cap of $3.02 billion, a PE ratio of 6.83 and a beta of 0.41. Gulfport Energy Corporation has a 1 year low of $149.18 and a 1 year high of $225.78. The stock has a 50 day simple moving average of $161.28 and a 200-day simple moving average of $183.05.

Insider Buying and Selling at Gulfport Energy

In other news, CEO Domenic J. Dell'osso, Jr. bought 1,600 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $160.61 per share, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company's stock.

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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