Cercano Management LLC Reduces Stake in Gulfport Energy Corporation $GPOR

Cercano Management LLC reduced its stake in Gulfport Energy Corporation (NYSE:GPOR) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,819 shares of the company’s stock after selling 8,127 shares during the quarter. Cercano Management LLC’s holdings in Gulfport Energy were worth $586,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Gulfport Energy in the 3rd quarter valued at $28,000. Allworth Financial LP lifted its stake in shares of Gulfport Energy by 113.3% in the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Gulfport Energy by 133.7% in the 3rd quarter. Federated Hermes Inc. now owns 222 shares of the company’s stock valued at $40,000 after purchasing an additional 127 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Gulfport Energy by 364.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Gulfport Energy in the 4th quarter valued at $150,000.

Insider Transactions at Gulfport Energy

In related news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the transaction, the director owned 3,888 shares of the company’s stock, valued at approximately $829,699.20. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Gulfport Energy Price Performance

GPOR opened at $168.53 on Tuesday. The stock’s 50-day moving average price is $191.80 and its 200 day moving average price is $198.38. Gulfport Energy Corporation has a 12-month low of $160.95 and a 12-month high of $225.78. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 5.76 and a beta of 0.41.

Analysts Set New Price Targets

Several brokerages have recently commented on GPOR. Truist Financial decreased their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday. JPMorgan Chase & Co. upped their price target on Gulfport Energy from $228.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Bank of America upped their price target on Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Finally, Wall Street Zen lowered Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $230.22.

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.