Russell Investments Group Ltd. decreased its stake in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 26.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,448,262 shares of the oil and gas producer’s stock after selling 510,151 shares during the period. Russell Investments Group Ltd.’s holdings in Gulfport Energy were worth $7,111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Gulfport Energy by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,687,995 shares of the oil and gas producer’s stock worth $96,209,000 after buying an additional 114,266 shares in the last quarter. JPMorgan Chase & Co. increased its position in Gulfport Energy by 135.3% during the second quarter. JPMorgan Chase & Co. now owns 6,365,656 shares of the oil and gas producer’s stock worth $31,000,000 after buying an additional 3,660,115 shares in the last quarter. Schroder Investment Management Group increased its position in Gulfport Energy by 9.1% during the second quarter. Schroder Investment Management Group now owns 4,585,770 shares of the oil and gas producer’s stock worth $22,516,000 after buying an additional 380,582 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in Gulfport Energy by 3.8% during the first quarter. Thompson Siegel & Walmsley LLC now owns 2,039,983 shares of the oil and gas producer’s stock worth $16,361,000 after buying an additional 74,347 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Gulfport Energy by 2.3% during the first quarter. Parametric Portfolio Associates LLC now owns 1,534,882 shares of the oil and gas producer’s stock worth $12,310,000 after buying an additional 34,407 shares in the last quarter. 97.52% of the stock is owned by institutional investors.

In other news, CFO Quentin R. Hicks bought 15,000 shares of Gulfport Energy stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $2.38 per share, for a total transaction of $35,700.00. Following the completion of the acquisition, the chief financial officer now owns 15,000 shares of the company’s stock, valued at $35,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Wood bought 40,000 shares of Gulfport Energy stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $2.44 per share, for a total transaction of $97,600.00. Following the acquisition, the chief executive officer now directly owns 1,005,449 shares of the company’s stock, valued at approximately $2,453,295.56. The disclosure for this purchase can be found here. 0.45% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on GPOR. Credit Suisse Group downgraded Gulfport Energy from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 9th. BidaskClub raised Gulfport Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, September 6th. Jefferies Financial Group downgraded Gulfport Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $11.00 to $5.00 in a research report on Monday, July 15th. Piper Jaffray Companies set a $7.00 price objective on Gulfport Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Williams Capital downgraded Gulfport Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Gulfport Energy currently has a consensus rating of “Hold” and an average price target of $9.64.

Shares of NASDAQ:GPOR traded down $0.17 during midday trading on Thursday, reaching $2.95. The company’s stock had a trading volume of 87,979 shares, compared to its average volume of 4,145,045. The firm has a market cap of $502.00 million, a price-to-earnings ratio of 1.61, a price-to-earnings-growth ratio of 0.26 and a beta of 0.87. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.62. Gulfport Energy Co. has a 1 year low of $2.28 and a 1 year high of $11.94. The business has a 50 day moving average price of $3.01 and a 200 day moving average price of $5.52.

Gulfport Energy (NASDAQ:GPOR) last issued its earnings results on Thursday, August 1st. The oil and gas producer reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. Gulfport Energy had a return on equity of 7.34% and a net margin of 33.82%. The firm had revenue of $459.00 million for the quarter, compared to analysts’ expectations of $312.43 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 81.6% compared to the same quarter last year. Sell-side analysts anticipate that Gulfport Energy Co. will post 1.07 earnings per share for the current fiscal year.

Gulfport Energy Company Profile

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma.

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

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