Oliver Luxxe Assets LLC Cuts Position in Gulfport Energy Corporation $GPOR

Oliver Luxxe Assets LLC trimmed its holdings in shares of Gulfport Energy Corporation (NYSE:GPOR) by 44.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,409 shares of the company’s stock after selling 5,147 shares during the period. Oliver Luxxe Assets LLC’s holdings in Gulfport Energy were worth $1,088,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy in the 3rd quarter valued at $28,000. Allworth Financial LP lifted its holdings in shares of Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after acquiring an additional 85 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after purchasing an additional 197 shares during the period. Kestra Advisory Services LLC purchased a new stake in Gulfport Energy during the 4th quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Gulfport Energy by 866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 406 shares of the company’s stock valued at $84,000 after purchasing an additional 364 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings lowered Gulfport Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Truist Financial decreased their target price on Gulfport Energy from $190.00 to $186.00 and set a “hold” rating for the company in a research report on Wednesday. Zacks Research lowered Gulfport Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. UBS Group reduced their price target on Gulfport Energy from $223.00 to $214.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Finally, Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Gulfport Energy presently has an average rating of “Moderate Buy” and an average target price of $223.11.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $162.39 on Monday. Gulfport Energy Corporation has a 12-month low of $149.18 and a 12-month high of $225.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 6.50 and a beta of 0.41. The firm’s fifty day moving average price is $161.20 and its 200 day moving average price is $183.89.

Gulfport Energy Company 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.