LSP Investment Advisors LLC Invests $8.49 Million in Gulfport Energy Corporation $GPOR

Key Points

• LSP Investment Advisors LLC purchased a new stake of 46,900 shares of Gulfport Energy (GPOR) in Q3 valued at about $8.49 million, making GPOR roughly 5.1% of LSP’s portfolio and its 4th-largest holding; LSP owns about 0.24% of the company.
• Heavy insider selling: insiders have sold 893,835 shares worth about $182.48 million over the last three months, including CFO Michael Hodges and SVP Michael Sluiter who sold on March 2 and reduced their stakes by ~47% and ~45%, respectively.
• Several institutions also materially increased positions in Q3 (e.g., Principal +84.4%, Arrowstreet +93.9%, Mackay +756.6%), while Gulfport has a market cap of ~$3.71B, a PE of 9.84, reported revenue above estimates but EPS missed by $0.01, and holds a Moderate Buy consensus with an average target of $226.67.

LSP Investment Advisors LLC purchased a new stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,900 shares of the company's stock, valued at approximately $8,488,000. Gulfport Energy makes up approximately 5.1% of LSP Investment Advisors LLC's investment portfolio, making the stock its 4th largest holding. LSP Investment Advisors LLC owned about 0.24% of Gulfport Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Gulfport Energy by 84.4% in the 3rd quarter. Principal Financial Group Inc. now owns 347,862 shares of the company's stock valued at $62,956,000 after purchasing an additional 159,255 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Gulfport Energy by 93.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 313,884 shares of the company's stock worth $56,807,000 after buying an additional 152,005 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Gulfport Energy by 67.9% during the third quarter. Victory Capital Management Inc. now owns 351,007 shares of the company's stock worth $63,525,000 after buying an additional 142,002 shares in the last quarter. Mackay Shields LLC increased its holdings in shares of Gulfport Energy by 756.6% during the third quarter. Mackay Shields LLC now owns 130,956 shares of the company's stock worth $23,700,000 after buying an additional 115,668 shares in the last quarter. Finally, Gemsstock Ltd. lifted its stake in shares of Gulfport Energy by 140.6% in the 3rd quarter. Gemsstock Ltd. now owns 188,174 shares of the company's stock valued at $34,056,000 after acquiring an additional 109,979 shares during the last quarter.

Gulfport Energy Stock Up 1.7%

Shares of GPOR opened at $199.97 on Tuesday. The stock's 50-day moving average price is $196.45 and its two-hundred day moving average price is $194.45. Gulfport Energy Corporation has a 12 month low of $153.27 and a 12 month high of $225.78. The company has a market capitalization of $3.71 billion, a PE ratio of 9.84 and a beta of 0.61. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.43.

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

Insider Buying and Selling at Gulfport Energy

In other news, CFO Michael L. Hodges sold 16,769 shares of the 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 in the company, valued at $3,892,261.10. This represents a 47.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Sluiter sold 9,933 shares of Gulfport Energy stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $210.00, for a total transaction of $2,085,930.00. Following the transaction, the senior vice president directly owned 11,980 shares of the company's stock, valued at $2,515,800. This represents a 45.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 893,835 shares of company stock worth $182,476,994. Company insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

GPOR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Gulfport Energy from $228.00 to $229.00 and gave the company an "overweight" rating in a report on Monday. Wall Street Zen downgraded Gulfport Energy from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Mizuho lifted their price target on Gulfport Energy from $219.00 to $239.00 and gave the company a "neutral" rating in a research note on Friday, December 12th. Tudor Pickering cut Gulfport Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, December 1st. Finally, Weiss Ratings raised Gulfport Energy from a "hold (c)" rating to a "buy (b)" rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $226.67.

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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