Alps Advisors Inc. raised its stake in Gulfport Energy Co. (NASDAQ:GPOR) by 23.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,557 shares of the oil and gas producer’s stock after purchasing an additional 8,587 shares during the period. Alps Advisors Inc.’s holdings in Gulfport Energy were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Partners grew its stake in Gulfport Energy by 7.7% in the fourth quarter. Boston Partners now owns 4,523,096 shares of the oil and gas producer’s stock valued at $57,714,000 after purchasing an additional 321,810 shares during the last quarter. Encompass Capital Advisors LLC grew its stake in Gulfport Energy by 16.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,475,301 shares of the oil and gas producer’s stock valued at $57,105,000 after purchasing an additional 618,793 shares during the last quarter. Snow Capital Management LP grew its stake in Gulfport Energy by 4.6% in the fourth quarter. Snow Capital Management LP now owns 4,319,937 shares of the oil and gas producer’s stock valued at $55,122,000 after purchasing an additional 189,435 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Gulfport Energy by 39.1% in the fourth quarter. Schroder Investment Management Group now owns 4,278,562 shares of the oil and gas producer’s stock worth $54,594,000 after acquiring an additional 1,202,052 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Gulfport Energy by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,013,795 shares of the oil and gas producer’s stock worth $25,697,000 after acquiring an additional 147,387 shares in the last quarter. Institutional investors own 92.46% of the company’s stock.
In other news, Director Paul D. Westerman bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average price of $10.14 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director now directly owns 25,488 shares of the company’s stock, valued at approximately $258,448.32. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.31% of the company’s stock.
Gulfport Energy opened at $11.10 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.61 and a quick ratio of 0.61. Gulfport Energy Co. has a 52 week low of $10.57 and a 52 week high of $11.04. The stock has a market cap of $1.88 billion, a P/E ratio of 7.87, a PEG ratio of 0.40 and a beta of 0.30.
Gulfport Energy (NASDAQ:GPOR) last released its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.14. Gulfport Energy had a return on equity of 10.03% and a net margin of 28.25%. The firm had revenue of $325.40 million during the quarter, compared to the consensus estimate of $354.46 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. equities analysts anticipate that Gulfport Energy Co. will post 1.36 EPS for the current fiscal year.
Gulfport Energy declared that its Board of Directors has initiated a share buyback plan on Monday, January 29th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
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 the United States. Its principal properties are located in the Utica Shale primarily in Eastern Ohio; and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
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