Squarepoint Ops LLC Lowers Stock Holdings in Gulfport Energy Corporation $GPOR

Key Points

• Squarepoint Ops LLC cut its Gulfport Energy stake by 83.7% in the second quarter, selling 17,868 shares and retaining 3,470 shares worth approximately $589,000. Other institutional investors made mixed moves, including several new purchases.
• Gulfport Energy reported quarterly EPS of $4.85, beating analyst expectations of $3.82, on revenue of $323.23 million. Shares opened at $159.50, down 1.2%, with a market capitalization of about $2.82 billion.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $217.50. CEO Domenic Dell’Osso purchased 1,600 shares, while the company’s chief accounting officer sold 325 shares.

Squarepoint Ops LLC reduced its stake in Gulfport Energy Corporation (NYSE:GPOR - Free Report) by 83.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,470 shares of the company's stock after selling 17,868 shares during the quarter. Squarepoint Ops LLC's holdings in Gulfport Energy were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GPOR. Allworth Financial LP increased its holdings in shares of Gulfport Energy by 159.3% during the second quarter. Allworth Financial LP now owns 350 shares of the company's stock valued at $59,000 after acquiring an additional 215 shares in the last quarter. AlphaGrep UK Ltd purchased a new stake in Gulfport Energy during the 2nd quarter valued at about $233,000. AXQ Capital LP purchased a new stake in Gulfport Energy during the 2nd quarter valued at about $325,000. Public Employees Retirement System of Ohio bought a new stake in Gulfport Energy during the 2nd quarter valued at about $3,064,000. Finally, Pinnacle Holdings LLC bought a new stake in Gulfport Energy during the 2nd quarter valued at about $49,000.

Gulfport Energy Stock Down 1.2%

Shares of Gulfport Energy stock opened at $159.50 on Friday. Gulfport Energy Corporation has a twelve month low of $149.18 and a twelve month high of $225.78. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The company's 50 day moving average is $166.56 and its 200 day moving average is $178.43. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 6.38 and a beta of 0.43.

Gulfport Energy (NYSE:GPOR - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $3.82 by $1.03. The business had revenue of $323.23 million during the quarter. Gulfport Energy had a net margin of 32.28% and a return on equity of 21.87%. Research analysts anticipate that Gulfport Energy Corporation will post 22.25 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Domenic Dell'osso, Jr. purchased 1,600 shares of the business's stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $160.61 per share, for a total transaction of $256,976.00. Following the purchase, the chief executive officer directly owned 24,349 shares in the company, valued at $3,910,692.89. This trade represents a 7.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew Willrath sold 325 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $182.69, for a total transaction of $59,374.25. Following the sale, the chief accounting officer directly owned 2,130 shares of the company's stock, valued at $389,129.70. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GPOR has been the topic of several analyst reports. Truist Financial dropped their target price on shares of Gulfport Energy from $190.00 to $186.00 and set a "hold" rating on the stock in a research note on Wednesday, August 5th. UBS Group reissued a "buy" rating and set a $223.00 price target on shares of Gulfport Energy in a research report on Monday, September 14th. Zacks Research upgraded shares of Gulfport Energy from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 8th. Mizuho raised Gulfport Energy from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $251.00 to $252.00 in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $194.00 target price (down from $240.00) on shares of Gulfport Energy in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Gulfport Energy has an average rating of "Hold" and an average price target of $217.50.

About Gulfport Energy

Gulfport Energy Corporation is an independent exploration and production company focused primarily on natural gas and natural gas liquids. The company develops and produces hydrocarbons from unconventional shale formations, with operations concentrated in the Appalachian Basin.

Gulfport's principal assets are located in eastern Ohio, where it holds acreage in the Utica and Marcellus shale plays. Its activities include leasing and developing mineral properties, drilling and completing horizontal wells, and producing and marketing natural gas, natural gas liquids and crude oil.

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