HITE Hedge Asset Management LLC Has $6.03 Million Stake in Gulfport Energy Corporation $GPOR

HITE Hedge Asset Management LLC decreased its position in Gulfport Energy Corporation (NYSE:GPOR) by 88.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,977 shares of the company’s stock after selling 220,648 shares during the quarter. HITE Hedge Asset Management LLC owned about 0.15% of Gulfport Energy worth $6,027,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Gulfport Energy in the third quarter valued at approximately $28,000. Allworth Financial LP boosted its stake in shares of Gulfport Energy by 113.3% in the fourth quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after buying an additional 85 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Gulfport Energy by 364.8% in the second quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after buying an additional 197 shares during the period. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Gulfport Energy in the fourth quarter valued at approximately $150,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Gulfport Energy in the third quarter valued at approximately $148,000.

Gulfport Energy Stock Up 2.5%

NYSE GPOR opened at $166.48 on Friday. The business has a fifty day moving average price of $183.89 and a two-hundred day moving average price of $195.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56. Gulfport Energy Corporation has a fifty-two week low of $160.95 and a fifty-two week high of $225.78. The stock has a market capitalization of $2.99 billion, a PE ratio of 5.69 and a beta of 0.41.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director directly owned 3,888 shares in the company, valued at $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Gulfport Energy in a research note on Friday, May 29th. UBS Group cut their price target on Gulfport Energy from $260.00 to $245.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. JPMorgan Chase & Co. boosted 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 boosted 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, Truist Financial cut their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Gulfport Energy currently has a consensus rating of “Moderate Buy” and an average price target of $230.22.

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.