Encompass Capital Advisors LLC Has Lifted Its Gulfport Energy Corp (GPOR) Position by $3.87 Million as Stock Price Declined

Gulfport Energy Corporation (NASDAQ:GPOR) LogoInvestors sentiment increased to 1.26 in 2018 Q3. Its up 0.06, from 1.2 in 2018Q2. It improved, as 21 investors sold GPOR shares while 73 reduced holdings. 40 funds opened positions while 78 raised stakes. 165.39 million shares or 6.65% more from 155.09 million shares in 2018Q2 were reported. Victory Cap holds 0.01% or 445,896 shares in its portfolio. Swiss Bancorp, Switzerland-based fund reported 286,558 shares. Teachers Retirement Systems Of The State Of Kentucky accumulated 41,438 shares. Teacher Retirement Sys Of Texas stated it has 18,431 shares. Moreover, Ubs Asset Mngmt Americas has 0% invested in Gulfport Energy Corporation (NASDAQ:GPOR). Lombard Odier Asset (Usa) Corp holds 0.18% or 240,000 shares. Janney Mgmt Limited invested in 17,100 shares or 0% of the stock. 315,000 are held by Brookfield Asset Management. Proshare Advisors Limited Liability Corp invested in 0% or 42,181 shares. Alps Advisors holds 0% or 43,514 shares. Sei Invests holds 0% or 3,292 shares in its portfolio. California State Teachers Retirement Systems accumulated 266,577 shares. 99,228 are held by Texas Permanent School Fund. Strs Ohio owns 106,600 shares or 0% of their US portfolio. The Pennsylvania-based Snow Capital Mngmt Lp has invested 2.01% in Gulfport Energy Corporation (NASDAQ:GPOR).

Since August 16, 2018, it had 1 insider purchase, and 1 insider sale for $62,029 activity. Another trade for 2,000 shares valued at $22,380 was made by Maier Stuart on Thursday, August 16.

Encompass Capital Advisors Llc increased its stake in Gulfport Energy Corp (GPOR) by 7.72% based on its latest 2018Q3 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 276,424 shares as the company’s stock declined 6.94% with the market. The hedge fund held 3.86 million shares of the oil & gas production company at the end of 2018Q3, valued at $55.30 million, up from 3.58M 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 $1.44B market cap company. The stock increased 1.47% or $0.12 during the last trading session, reaching $8.28. About 2.77 million shares traded. Gulfport Energy Corporation (NASDAQ:GPOR) has declined 22.91% since January 14, 2018 and is downtrending. It has underperformed by 22.91% the S&P500.

Encompass Capital Advisors Llc, which manages about $1.18 billion and $614.38M US Long portfolio, decreased its stake in Laredo Petroleum Inc (NYSE:LPI) by 4.02M shares to 3.31 million shares, valued at $42.80 million in 2018Q3, according to the filing. It also reduced its holding in Patterson Uti Energy Inc (NASDAQ:PTEN) by 403,712 shares in the quarter, leaving it with 275,000 shares, and cut its stake in Canadian Pac Ry Ltd (NYSE:CP).

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Among 6 analysts covering Gulfport Energy (NASDAQ:GPOR), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Gulfport Energy had 9 analyst reports since August 29, 2018 according to SRatingsIntel. The stock has “Market Perform” rating by Wells Fargo on Wednesday, October 24. The stock has “Hold” rating by Jefferies on Tuesday, November 6. The rating was maintained by JP Morgan on Wednesday, August 29 with “Overweight”. Morgan Stanley maintained the shares of GPOR in report on Monday, November 5 with “Underweight” rating. The rating was maintained by Morgan Stanley with “Underweight” on Tuesday, November 20. The stock has “Neutral” rating by JP Morgan on Friday, December 7. As per Wednesday, September 26, the company rating was maintained by Morgan Stanley.

Gulfport Energy Corporation (NASDAQ:GPOR) Institutional Positions Chart

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