Gulfport Energy Corporation $GPOR Shares Sold by Empowered Funds LLC

Key Points

• Empowered Funds LLC cut 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. Other institutional investors also adjusted their positions, with several significantly increasing holdings.
• Gulfport Energy shares rose 2.5% to $162.39, giving the company a market capitalization of about $2.87 billion. The stock remains below its 52-week high of $225.78 and has a price-to-earnings ratio of 6.50.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $223.11. Recent actions included target-price cuts from Truist and UBS, while Mizuho upgraded the stock to “outperform” and Zacks downgraded it to “strong sell.”

Empowered Funds LLC trimmed its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 69.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GPOR. Advisory Services Network LLC acquired a new stake in Gulfport Energy during the third quarter worth about $28,000. Allworth Financial LP grew 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 grew its holdings in shares of Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company's stock worth $50,000 after purchasing an additional 197 shares during the period. Kestra Advisory Services LLC acquired a new stake in Gulfport Energy during the 4th quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Gulfport Energy by 866.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company's stock worth $84,000 after purchasing an additional 364 shares in the last quarter.

Gulfport Energy Stock Up 2.5%

Shares of NYSE:GPOR opened at $162.39 on Friday. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.50 and a beta of 0.41. The company has a 50 day moving average of $161.20 and a two-hundred day moving average of $183.85. Gulfport Energy Corporation has a 52-week low of $149.18 and a 52-week high of $225.78. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51.

Analyst Ratings Changes

GPOR has been the subject of several research reports. Truist Financial decreased their price objective on shares of Gulfport Energy from $190.00 to $186.00 and set a "hold" rating for the company in a research note on Wednesday. Weiss Ratings downgraded shares of Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 16th. UBS Group reduced their target price on shares of Gulfport Energy from $223.00 to $214.00 and set a "buy" rating on the stock in a report on Wednesday. Mizuho raised shares of Gulfport Energy from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $223.11.

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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