Legal & General Group Plc Boosts Stake in Gulfport Energy Co. (GPOR)

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Legal & General Group Plc grew its position in shares of Gulfport Energy Co. (NASDAQ:GPOR) by 148.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 386,957 shares of the oil and gas producer’s stock after acquiring an additional 231,504 shares during the quarter. Legal & General Group Plc owned about 0.22% of Gulfport Energy worth $2,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Gulfport Energy by 28.8% during the 4th quarter. BlackRock Inc. now owns 24,561,132 shares of the oil and gas producer’s stock valued at $160,873,000 after acquiring an additional 5,492,062 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Gulfport Energy by 0.8% in 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 during the last quarter. Vanguard Group Inc lifted its position in Gulfport Energy by 2.1% in the third quarter. Vanguard Group Inc now owns 13,541,721 shares of the oil and gas producer’s stock worth $140,969,000 after buying an additional 283,479 shares during the last quarter. Vanguard Group Inc. lifted its position in Gulfport Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 13,541,721 shares of the oil and gas producer’s stock worth $140,969,000 after buying an additional 283,479 shares during the last quarter. Finally, Oslo Asset Management AS lifted its position in Gulfport Energy by 73.1% in the fourth quarter. Oslo Asset Management AS now owns 5,234,914 shares of the oil and gas producer’s stock worth $34,289,000 after buying an additional 2,210,800 shares during the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

In other Gulfport Energy news, CEO David M. Wood bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $8.06 per share, for a total transaction of $80,600.00. Following the completion of the transaction, the chief executive officer now owns 360,610 shares in the company, valued at $2,906,516.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by company insiders.

GPOR has been the subject of a number of analyst reports. Oppenheimer downgraded Gulfport Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, April 5th. BidaskClub upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. MKM Partners set a $9.00 price target on Gulfport Energy and gave the stock a “hold” rating in a research report on Friday, March 1st. Tudor Pickering upgraded Gulfport Energy from a “hold” rating to a “buy” rating in a research report on Friday, January 18th. Finally, Williams Capital restated a “buy” rating and issued a $14.00 price target on shares of Gulfport Energy in a research report on Friday, January 18th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.64.

NASDAQ:GPOR opened at $7.43 on Wednesday. Gulfport Energy Co. has a twelve month low of $6.18 and a twelve month high of $13.41. The firm has a market cap of $1.22 billion, a PE ratio of 4.08, a price-to-earnings-growth ratio of 0.48 and a beta of 0.96. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Wednesday, February 27th. The oil and gas producer reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Gulfport Energy had a return on equity of 9.97% and a net margin of 31.77%. The business had revenue of $415.95 million for the quarter, compared to the consensus estimate of $376.23 million. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Gulfport Energy Co. will post 1.12 earnings per share for the current year.

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About Gulfport Energy

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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