King Luther Capital Management Corp Sells 230,625 Shares of Gulfport Energy Corporation (GPOR)

King Luther Capital Management Corp reduced its stake in shares of Gulfport Energy Corporation (NASDAQ:GPOR) by 72.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,310 shares of the oil and gas producer’s stock after selling 230,625 shares during the period. King Luther Capital Management Corp’s holdings in Gulfport Energy Corporation were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Elkfork Partners LLC acquired a new stake in Gulfport Energy Corporation during the fourth quarter valued at about $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Gulfport Energy Corporation by 54.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,044 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 2,143 shares during the period. Meadow Creek Investment Management LLC raised its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Meadow Creek Investment Management LLC now owns 8,484 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 2,352 shares during the period. Glen Harbor Capital Management LLC raised its stake in Gulfport Energy Corporation by 38.4% in the first quarter. Glen Harbor Capital Management LLC now owns 10,302 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 2,856 shares during the period. Finally, LS Investment Advisors LLC raised its stake in Gulfport Energy Corporation by 20.5% in the first quarter. LS Investment Advisors LLC now owns 10,285 shares of the oil and gas producer’s stock valued at $177,000 after buying an additional 1,747 shares during the period. 88.32% of the stock is currently owned by institutional investors.

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

Shares of Gulfport Energy Corporation (NASDAQ:GPOR) traded down 1.06% during midday trading on Friday, hitting $13.03. 5,740,237 shares of the stock were exchanged. The company’s market capitalization is $2.38 billion. Gulfport Energy Corporation has a 1-year low of $12.91 and a 1-year high of $34.26. The firm has a 50-day moving average of $15.09 and a 200-day moving average of $18.84.

Gulfport Energy Corporation (NASDAQ:GPOR) last posted its earnings results on Monday, May 8th. The oil and gas producer reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.14. The business had revenue of $333 million during the quarter, compared to analysts’ expectations of $224.93 million. During the same period last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 112.2% compared to the same quarter last year. On average, equities analysts expect that Gulfport Energy Corporation will post $1.38 EPS for the current year.

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GPOR has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating and issued a $29.00 price target on shares of Gulfport Energy Corporation in a research report on Friday, April 21st. Williams Capital reaffirmed a “buy” rating and set a $28.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, April 19th. Scotiabank reaffirmed a “buy” rating and set a $29.00 target price on shares of Gulfport Energy Corporation in a report on Monday, March 27th. Stifel Nicolaus started coverage on shares of Gulfport Energy Corporation in a report on Thursday, March 23rd. They set a “buy” rating and a $26.00 target price on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Gulfport Energy Corporation in a report on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. Gulfport Energy Corporation currently has a consensus rating of “Buy” and an average target price of $28.91.

About Gulfport Energy Corporation

Gulfport Energy Corporation is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company’s properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields.

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