Ritholtz Wealth Management Acquires Shares of 2,075 Gulfport Energy Corporation $GPOR

Key Points

• Ritholtz Wealth Management has acquired 2,075 shares of Gulfport Energy Corporation, valued at approximately $417,000, in the second quarter.
• Recent institutional activity has seen various investors, including Toth Financial Advisory and Pallas Capital Advisors, purchasing new positions in Gulfport Energy totaling over $1 million in investments.
• Analysts have recently downgraded Gulfport Energy’s rating from "hold" to "strong sell," with price targets adjusted downwards, indicating a cautious outlook for the stock's performance.

Ritholtz Wealth Management bought a new stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,075 shares of the company's stock, valued at approximately $417,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in shares of Gulfport Energy in the second quarter valued at $85,000. Strs Ohio purchased a new position in shares of Gulfport Energy in the first quarter valued at $239,000. Pallas Capital Advisors LLC purchased a new position in shares of Gulfport Energy in the second quarter valued at $263,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Gulfport Energy by 7.1% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,784 shares of the company's stock valued at $359,000 after purchasing an additional 119 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Gulfport Energy in the second quarter valued at $557,000.

Insider Buying and Selling at Gulfport Energy

In other news, Director Jason Joseph Martinez sold 600 shares of Gulfport Energy stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $171.57, for a total transaction of $102,942.00. Following the completion of the sale, the director directly owned 4,288 shares in the company, valued at approximately $735,692.16. This trade represents a 12.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GPOR shares. Zacks Research lowered shares of Gulfport Energy from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 9th. Mizuho cut their target price on shares of Gulfport Energy from $227.00 to $199.00 and set a "neutral" rating for the company in a report on Monday, September 15th. UBS Group dropped their price objective on shares of Gulfport Energy from $240.00 to $227.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. KeyCorp dropped their price objective on shares of Gulfport Energy from $215.00 to $205.00 and set an "overweight" rating for the company in a research note on Wednesday, September 3rd. Finally, TD Cowen raised shares of Gulfport Energy to a "strong-buy" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $210.71.

Gulfport Energy Stock Up 0.6%

NYSE GPOR opened at $177.55 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.51. The stock's fifty day moving average price is $174.82. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -24.73 and a beta of 0.62. Gulfport Energy Corporation has a 52 week low of $136.45 and a 52 week high of $210.32.

Gulfport Energy (NYSE:GPOR - Get Free Report) last released its earnings results on Monday, February 28th. The company reported $0.17 earnings per share for the quarter. Gulfport Energy had a positive return on equity of 18.89% and a negative net margin of 9.14%.The business had revenue of $298.62 million during the quarter.

About Gulfport Energy

Gulfport Energy Corporation engages in the exploration, development, acquisition, production of natural gas, crude oil, and natural gas liquids (NGL) in the United States. Its principal properties include Utica Shale covering an area approximately 187,000 net reservoir acres primarily located in Eastern Ohio; and SCOOP covering an area approximately 74,000 net reservoir acres primarily located in Garvin, Grady, and Stephens.

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