Quantinno Capital Management LP Has $3.45 Million Holdings in Gulfport Energy Corporation $GPOR

Key Points

• Quantinno Capital Management increased its Gulfport Energy stake by 698% in the first quarter, owning 16,312 shares valued at approximately $3.45 million, or 0.09% of the company.
• Other institutional investors also expanded positions, including Assenagon Asset Management, which increased its holdings by 4,946.1%, and Victory Capital Management, which raised its stake by 50.3%.
• Gulfport shares opened at $162.39, well below their 12-month high of $225.78. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $223.11, though recent recommendations have been mixed.

Quantinno Capital Management LP boosted its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 698.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,312 shares of the company's stock after purchasing an additional 14,268 shares during the quarter. Quantinno Capital Management LP owned about 0.09% of Gulfport Energy worth $3,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its position in shares of Gulfport Energy by 14.2% in the 4th quarter. Jennison Associates LLC now owns 671,483 shares of the company's stock valued at $139,662,000 after acquiring an additional 83,613 shares during the period. Dimensional Fund Advisors LP increased its stake in Gulfport Energy by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 630,099 shares of the company's stock valued at $133,317,000 after purchasing an additional 34,486 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Gulfport Energy by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 527,393 shares of the company's stock worth $109,692,000 after purchasing an additional 176,386 shares during the period. State Street Corp boosted its position in shares of Gulfport Energy by 1.8% during the second quarter. State Street Corp now owns 482,458 shares of the company's stock worth $97,056,000 after purchasing an additional 8,668 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Gulfport Energy by 4,946.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 467,419 shares of the company's stock valued at $98,892,000 after buying an additional 458,156 shares during the period.

Gulfport Energy Price Performance

Shares of GPOR opened at $162.39 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. Gulfport Energy Corporation has a twelve month low of $149.18 and a twelve month high of $225.78. The stock has a market capitalization of $2.87 billion, a P/E ratio of 6.50 and a beta of 0.41. The company has a 50 day moving average of $161.20 and a 200-day moving average of $183.85.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial dropped their price objective on Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a research note on Wednesday. Mizuho upgraded Gulfport Energy from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $251.00 to $252.00 in a report on Wednesday, May 27th. Zacks Research lowered Gulfport Energy from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Gulfport Energy from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 16th. Finally, UBS Group reduced their price target on shares of Gulfport Energy from $223.00 to $214.00 and set a "buy" rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $223.11.

Gulfport Energy 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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