Encompass Capital Advisors LLC Increased Its Holding in Gulfport Energy Corp (GPOR) by $7.43 Million as Stock Price Declined

May 17, 2018 - By Robert Crowder

Gulfport Energy Corporation (NASDAQ:GPOR) LogoInvestors sentiment decreased to 1.21 in Q4 2017. Its down 0.53, from 1.74 in 2017Q3. It is negative, as 28 investors sold GPOR shares while 80 reduced holdings. 44 funds opened positions while 87 raised stakes. 151.17 million shares or 2.70% less from 155.36 million shares in 2017Q3 were reported. Utah Retirement System reported 0.01% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). One Trading LP reported 0% stake. Capital Ok has invested 0.02% in Gulfport Energy Corporation (NASDAQ:GPOR). Fmr Lc invested 0% in Gulfport Energy Corporation (NASDAQ:GPOR). Deltec Asset Mgmt Ltd Liability Company has invested 1.62% in Gulfport Energy Corporation (NASDAQ:GPOR). State Street holds 0.01% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 7.96M shares. Delphi Mgmt Ma reported 26,945 shares or 0.2% of all its holdings. Thrivent Financial For Lutherans holds 35,494 shares or 0% of its portfolio. Virtu Financial Ltd Liability Co holds 0.03% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR) for 39,577 shares. Pub Employees Retirement Of Ohio holds 0% or 68,787 shares in its portfolio. Credit Suisse Ag owns 496,188 shares for 0.01% of their portfolio. Citigroup owns 33,484 shares. Parametric Portfolio Associates Lc has invested 0.01% in Gulfport Energy Corporation (NASDAQ:GPOR). Jpmorgan Chase & Co invested 0% in Gulfport Energy Corporation (NASDAQ:GPOR). Blackrock stated it has 14.23M shares.

Since December 15, 2017, it had 3 buys, and 8 sales for $1.92 million activity. The insider Westerman Paul D bought $101,392. On Friday, December 15 Baldwin Steve sold $48,666 worth of Gulfport Energy Corporation (NASDAQ:GPOR) or 4,000 shares. Jones Robert Alan had sold 5,700 shares worth $69,273. Maier Stuart had sold 6,000 shares worth $72,998. Streller Scott E also bought $20,294 worth of Gulfport Energy Corporation (NASDAQ:GPOR) shares. Another trade for 118,494 shares valued at $1.44M was sold by Moore Michael G.

Todd J. Kantor increased its stake in Gulfport Energy Corp (GPOR) by 16.05% based on its latest 2017Q4 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 618,793 shares as the company’s stock declined 26.50% with the market. The hedge fund run by Todd J. Kantor held 4.48 million shares of the oil & gas production company at the end of 2017Q4, valued at $57.11 million, up from 3.86 million at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Gulfport Energy Corp for a number of months, seems to be bullish on the $1.93 billion market cap company. The stock increased 1.56% or $0.17 during the last trading session, reaching $11.09. About 1.90M shares traded. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 44.35% since May 17, 2017 and is downtrending. It has underperformed by 55.90% the S&P500.

Encompass Capital Advisors Llc, which manages about $1.18B and $704.21M US Long portfolio, decreased its stake in Marathon Oil Corp (NYSE:MRO) by 344,125 shares to 3.26 million shares, valued at $55.18M in 2017Q4, according to the filing. It also reduced its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 498,389 shares in the quarter, leaving it with 650,000 shares, and cut its stake in Propetro Hldg Corp.

More recent Gulfport Energy Corporation (NASDAQ:GPOR) news were published by: Nasdaq.com which released: “Recent Analysis Shows Shutterfly, Gulfport Energy, Automatic Data Processing, Group 1 Automotive, Red Robin …” on May 16, 2018. Also Seekingalpha.com published the news titled: “Stay Away From Apple Component Players – Cramer’s Lightning Round (5/16/18)” on May 17, 2018. Globenewswire.com‘s news article titled: “Gulfport Energy Corporation Reports First Quarter 2018 Results” with publication date: May 08, 2018 was also an interesting one.

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Among 17 analysts covering Gulfport Energy (NASDAQ:GPOR), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Gulfport Energy had 33 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Friday, December 15. The rating was maintained by Williams Capital Group with “Buy” on Wednesday, May 9. The stock has “Buy” rating by Stephens on Tuesday, February 6. The rating was maintained by Susquehanna on Wednesday, January 17 with “Buy”. Williams Capital Group maintained the shares of GPOR in report on Thursday, April 26 with “Buy” rating. The firm has “Buy” rating by Piper Jaffray given on Wednesday, March 14. The company was maintained on Tuesday, January 30 by Williams Capital Group. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, January 30. The rating was reinitiated by SunTrust with “Buy” on Friday, December 8. KeyBanc Capital Markets maintained Gulfport Energy Corporation (NASDAQ:GPOR) on Tuesday, January 30 with “Overweight” rating.

Gulfport Energy Corporation (NASDAQ:GPOR) Institutional Positions Chart

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