Gulfport Energy Corporation $GPOR Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Gulfport Energy by 17.4% in Q4, selling 9,318 shares and leaving it with 44,368 shares (about 0.23% of the company) valued at $9.23 million.
• Insiders have been heavy sellers: Director Timothy J. Cutt and CFO Michael L. Hodges sold shares on March 2 for roughly $1.04M and $3.53M respectively, and insiders disposed of 876,258 shares worth $179.14M over the last three months, leaving insiders with 0.70% ownership.
• Analysts are mixed but moderately positive: the consensus rating is "Moderate Buy" (one Strong Buy, seven Buy, seven Hold) with an average price target of $230, versus the stock's recent open near $187.40, implying potential upside.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,368 shares of the company's stock after selling 9,318 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.23% of Gulfport Energy worth $9,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Gulfport Energy in the 3rd quarter valued at about $28,000. Financial Consulate Inc. acquired a new position in shares of Gulfport Energy during the third quarter worth about $31,000. Federated Hermes Inc. grew its position in shares of Gulfport Energy by 133.7% during the third quarter. Federated Hermes Inc. now owns 222 shares of the company's stock worth $40,000 after buying an additional 127 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $50,000 after buying an additional 197 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Gulfport Energy during the third quarter worth approximately $128,000.

Analysts Set New Price Targets

GPOR has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Gulfport Energy from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Truist Financial initiated coverage on shares of Gulfport Energy in a research report on Tuesday, March 24th. They issued a "hold" rating and a $230.00 price objective on the stock. Bank of America lifted their price objective on shares of Gulfport Energy from $215.00 to $237.00 and gave the stock a "buy" rating in a research report on Thursday, March 19th. Weiss Ratings upgraded shares of Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research note on Monday, March 2nd. Finally, TD Cowen raised Gulfport Energy to a "strong-buy" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $230.00.

Gulfport Energy Stock Performance

Shares of GPOR opened at $187.40 on Monday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 9.22 and a beta of 0.59. Gulfport Energy Corporation has a 52-week low of $160.95 and a 52-week high of $225.78. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $201.56 and a 200 day moving average price of $199.50.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $5.60 earnings per share for the quarter, missing analysts' consensus estimates of $5.61 by ($0.01). The company had revenue of $398.19 million for the quarter, compared to analyst estimates of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%. Research analysts predict that Gulfport Energy Corporation will post 25.68 EPS for the current fiscal year.

Insider Transactions at Gulfport Energy

In related news, Director Timothy J. Cutt sold 5,000 shares of Gulfport Energy stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $208.73, for a total transaction of $1,043,650.00. Following the sale, the director directly owned 26,255 shares in the company, valued at $5,480,206.15. This trade represents a 16.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael L. Hodges sold 16,769 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $210.70, for a total transaction of $3,533,228.30. Following the completion of the sale, the chief financial officer directly owned 18,473 shares of the company's stock, valued at approximately $3,892,261.10. This trade represents a 47.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 876,258 shares of company stock worth $179,141,707. 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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