Gulfport Energy Corporation (GPOR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Gulfport Energy Corporation (NASDAQ:GPOR) by 104.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,147 shares of the oil and gas producer’s stock after purchasing an additional 247,103 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Gulfport Energy worth $6,968,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GPOR. Arizona State Retirement System lifted its stake in Gulfport Energy by 1.5% in the second quarter. Arizona State Retirement System now owns 67,100 shares of the oil and gas producer’s stock worth $990,000 after acquiring an additional 1,000 shares during the period. Tocqueville Asset Management L.P. lifted its stake in Gulfport Energy by 65.6% in the second quarter. Tocqueville Asset Management L.P. now owns 25,750 shares of the oil and gas producer’s stock worth $380,000 after acquiring an additional 10,200 shares during the period. Dimensional Fund Advisors LP lifted its position in Gulfport Energy by 122.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,260,408 shares of the oil and gas producer’s stock valued at $48,092,000 after buying an additional 1,794,132 shares during the period. Swiss National Bank lifted its position in Gulfport Energy by 4.0% during the third quarter. Swiss National Bank now owns 275,258 shares of the oil and gas producer’s stock valued at $3,947,000 after buying an additional 10,700 shares during the period. Finally, Prudential Financial Inc. lifted its position in Gulfport Energy by 9.3% during the third quarter. Prudential Financial Inc. now owns 1,098,476 shares of the oil and gas producer’s stock valued at $15,752,000 after buying an additional 93,011 shares during the period. Institutional investors own 86.71% of the company’s stock.

In other news, SVP Robert Alan Jones sold 5,700 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.15, for a total transaction of $69,255.00. Following the transaction, the senior vice president now owns 44,827 shares of the company’s stock, valued at approximately $544,648.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael G. Moore sold 118,494 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $12.16, for a total value of $1,440,887.04. Following the transaction, the chief executive officer now directly owns 295,449 shares in the company, valued at approximately $3,592,659.84. The disclosure for this sale can be found here. Insiders sold a total of 151,253 shares of company stock worth $1,839,219 in the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Gulfport Energy Corporation (NASDAQ:GPOR) opened at $13.02 on Friday. The firm has a market capitalization of $2,380.00, a P/E ratio of -48.22, a PEG ratio of 0.27 and a beta of 0.69. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.67. Gulfport Energy Corporation has a 12-month low of $10.90 and a 12-month high of $22.35.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The company had revenue of $265.50 million for the quarter, compared to the consensus estimate of $302.33 million. Gulfport Energy had a net margin of 3.88% and a return on equity of 7.99%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. analysts forecast that Gulfport Energy Corporation will post 1.36 earnings per share for the current year.

Several equities analysts have commented on the company. Piper Jaffray Companies reissued a “buy” rating and set a $20.00 price objective on shares of Gulfport Energy in a research report on Tuesday. ValuEngine lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Barclays reaffirmed a “hold” rating and issued a $15.00 price target on shares of Gulfport Energy in a research report on Sunday, December 24th. Williams Capital set a $18.00 price target on Gulfport Energy and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. raised Gulfport Energy from a “neutral” rating to an “overweight” rating and set a $18.00 price target for the company in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.86.

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Gulfport Energy Company Profile

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

Institutional Ownership by Quarter for Gulfport Energy (NASDAQ:GPOR)

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