Jefferies Financial Group Inc. Has $6.55 Million Stock Holdings in Gulfport Energy Corporation $GPOR

Key Points

• Jefferies Financial cut its stake in Gulfport Energy by 57.9% in Q3, holding 36,198 shares valued at about $6.55 million (≈0.19% of the company) after selling 49,881 shares.
• Insiders have been net sellers: over the past three months insiders sold 893,835 shares worth roughly $182.48 million, including a sale by Silver Point (84,416 shares for $17.24M) and a CFO sale of 16,769 shares for $3.53M.
• Gulfport trades with a market cap of $3.65 billion and a P/E of 9.68; it reported Q4 EPS of $5.60 (missing estimates by $0.01) and revenue of $398.2M (above estimates), and analysts’ consensus is a “Moderate Buy” with a target of $227.44.

Jefferies Financial Group Inc. lowered its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 57.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,198 shares of the company's stock after selling 49,881 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.19% of Gulfport Energy worth $6,551,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new position in shares of Gulfport Energy during the 3rd quarter worth approximately $31,000. Federated Hermes Inc. boosted its holdings in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company's stock valued at $40,000 after buying an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Gulfport Energy by 364.8% in the 2nd 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. Assetmark Inc. grew its stake in shares of Gulfport Energy by 50.5% in the second quarter. Assetmark Inc. now owns 501 shares of the company's stock valued at $101,000 after buying an additional 168 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Gulfport Energy by 1,360.5% in the second quarter. PNC Financial Services Group Inc. now owns 628 shares of the company's stock valued at $126,000 after buying an additional 585 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Silver Point Capital L.P. sold 84,416 shares of Gulfport Energy stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $204.22, for a total transaction of $17,239,435.52. Following the completion of the sale, the director owned 2,605,729 shares of the company's stock, valued at approximately $532,141,976.38. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael L. Hodges sold 16,769 shares of the business's stock in a transaction dated 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. The trade was a 47.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 893,835 shares of company stock worth $182,476,994 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Gulfport Energy Price Performance

NYSE:GPOR opened at $196.89 on Tuesday. The company has a market cap of $3.65 billion, a P/E ratio of 9.68 and a beta of 0.61. The firm's fifty day moving average price is $197.32 and its two-hundred day moving average price is $193.60. Gulfport Energy Corporation has a one year low of $153.27 and a one year high of $225.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.68.

Gulfport Energy (NYSE:GPOR - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $5.60 EPS for the quarter, missing the consensus estimate of $5.61 by ($0.01). The company had revenue of $398.19 million for the quarter, compared to the consensus estimate of $373.24 million. Gulfport Energy had a return on equity of 21.85% and a net margin of 30.01%.

Wall Street Analyst Weigh In

Several research firms have issued reports on GPOR. Zacks Research raised shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 7th. 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. Wolfe Research cut shares of Gulfport Energy from an "outperform" rating to a "peer perform" rating in a report on Monday, January 5th. Evercore lifted their price target on Gulfport Energy from $190.00 to $210.00 and gave the stock an "in-line" rating in a report on Monday, November 10th. Finally, TD Cowen raised Gulfport Energy to a "strong-buy" rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $227.44.

About Gulfport Energy

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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