Filing Worth Watching: Boston Partners Just Disclosed New Gulfport Energy Corp Position

Filing Worth Watching: Boston Partners Just Disclosed New Gulfport Energy Corp Position

The New Boston Partners Holding in Gulfport Energy Corp

Boston Partners filed with the SEC SC 13G form for Gulfport Energy Corp. The form can be accessed here: 000108514616004468. As reported in Boston Partners’s form, the filler as of late owns 10.31% or 12,927,669 shares of the Energy–company.

Gulfport Energy Corp stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Boston Partners’s positive view for the stock. For a institutional investor managing $53.18 billion in assets and having 126+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Gulfport Energy Corp Institutional Sentiment

Latest Security and Exchange filings show 267 investors own Gulfport Energy Corp. The institutional ownership in Q3 2015 is very high, at 92.08% of the outstanding shares. This is increased by 11474996 the total institutional shares. 115444441 were the shares owned by these institutional investors. In total 31 funds opened new Gulfport Energy Corp stakes, 131 increased stakes. There were 56 that closed positions and 87 reduced them.

7 managers had the stock in their top Ten. Notable investors are: Firefly Value Partners Lp, Grt Capital Partners L.L.C., Sir Capital Management L.P., Encompass Capital Advisors Llc, Vollero Beach Capital Partners Llc..

Hollow Brook Wealth Management Llc is an institutional investor bullish on Gulfport Energy Corp, owning 355750 shares as of Q3 2015 for 5.04% of its portfolio. Tbp Investments Management Llc owns 98654 shares or 7.89% of its portfolio. NY Firefly Value Partners Lp have 7.35% of their stock portfolio for 1619998 shares. Further, Grt Capital Partners Llc reported stake worth 4.51% of its US stock portfolio. The NJ Socratic Fund Management Lp owns 150500 shares. Gulfport Energy Corp is 37.29% of the manager’s US portfolio.

Business Profile

Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Boston Partners website.

Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 0.32, from 1.78 in 2016Q1. The ratio dropped, as 36 funds sold all Gulfport Energy Corporation shares owned while 78 reduced positions. 46 funds bought stakes while 121 increased positions. They now own 126.76 million shares or 1.42% less from 128.59 million shares in 2016Q1.

Guggenheim Capital Ltd Liability Com last reported 29,046 shares in the company. Hbk Investments L P owns 18,400 shares or 0% of their US portfolio. Paloma Prtnrs Management has invested 0.03% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). Moreover, Checchi Cap Advisers Limited Company has 0.01% invested in Gulfport Energy Corporation (NASDAQ:GPOR) for 2,612 shares. Qs Investors Limited Com has invested 0% of its portfolio in Gulfport Energy Corporation (NASDAQ:GPOR). The Illinois-based Citadel Limited has invested 0.03% in Gulfport Energy Corporation (NASDAQ:GPOR). Panagora Asset Mgmt Incorporated last reported 8,550 shares in the company. Ent Financial Corp has 0% invested in the company for 43 shares. Gam Ag last reported 187,278 shares in the company. Liberty Mutual Gru Asset accumulated 0.06% or 53,405 shares. Ngam Limited Partnership accumulated 153,155 shares or 0.07% of the stock. Pioneer Invest Mngmt last reported 0.02% of its portfolio in the stock. Proshare Advsrs Limited Liability Co reported 21,621 shares or 0.01% of all its holdings. Mutual Of America Mgmt Ltd Liability Company accumulated 206,238 shares or 0.14% of the stock. Point72 Asia (Hong Kong) has 20,486 shares for 0.74% of their US portfolio.

Insider Transactions: Since April 12, 2016, the stock had 0 insider buys, and 3 insider sales for $994,370 net activity. Another trade for 566 shares valued at $15,282 was sold by Baldwin Steve. 20,000 shares were sold by Moore Michael G, worth $659,088. Crowell Keri sold $90,000 worth of stock or 3,000 shares.

Analysts await Gulfport Energy Corporation (NASDAQ:GPOR) to report earnings on November, 2. They expect $0.11 earnings per share, up 237.50% or $0.19 from last year’s $-0.08 per share. GPOR’s profit will be $14.27 million for 67.09 P/E if the $0.11 EPS becomes a reality. After $0.24 actual earnings per share reported by Gulfport Energy Corporation for the previous quarter, Wall Street now forecasts -54.17% negative EPS growth.

About 1.08M shares traded hands. Gulfport Energy Corporation (NASDAQ:GPOR) has risen 18.59% since March 8, 2016 and is uptrending. It has outperformed by 9.27% the S&P500.

Gulfport Energy Corporation is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The company has a market cap of $3.83 billion. The Firm has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. It currently has negative earnings. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields.

Gulfport Energy Corporation (NASDAQ:GPOR) Ratings Coverage

Out of 25 analysts covering Gulfport Energy Corporation (NASDAQ:GPOR), 18 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 72% are positive. $65 is the highest target while $24 is the lowest. The $39.58 average target is 34.08% above today’s ($29.52) stock price. Gulfport Energy Corporation has been the topic of 51 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Peer Perform” rating on Tuesday, July 26 by Wolfe Research. The stock has “Buy” rating given by Topeka Capital Markets on Thursday, February 18. The stock of Gulfport Energy Corporation (NASDAQ:GPOR) earned “Neutral” rating by Goldman Sachs on Wednesday, November 11. FBR Capital maintained it with “Outperform” rating and $50 target price in Friday, August 7 report. The firm has “Buy” rating given on Thursday, December 3 by Jefferies. Howard Weil downgraded the stock to “Sector Outperform” rating in Monday, December 14 report. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Overweight”. The rating was initiated by Jefferies with “Buy” on Tuesday, November 3. RBC Capital Markets reinitiated it with “Outperform” rating and $34 target price in Friday, March 18 report. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, October 14.

More recent Gulfport Energy Corporation (NASDAQ:GPOR) news were published by: Globenewswire.com which released: “Gulfport Energy Corporation Prices $650 Million Offering of 6.000% Senior …” on October 06, 2016. Also Moodys.com published the news titled: “Moody’s rates Gulfport Energy’s proposed unsecured notes B2” on October 06, 2016. Reuters.com‘s news article titled: “BRIEF-Gulfport energy corporation launches tender offer for any, all of it…” with publication date: October 06, 2016 was also an interesting one.

According to Zacks Investment Research, “Gulfport Energy owns and operates mature oil and gas properties in the Louisiana Gulf Coast area. The company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and acquiring additional Louisiana Gulf Coast properties with exploitation and exploration potential.”

GPOR Company Profile

Gulfport Energy Corporation (Gulfport), incorporated on June 20, 1997, is an independent oil and natural gas exploration and production firm focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Firm has developed an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Firm also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand.

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