In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gulfport Energy Corp (NASDAQ:GPOR) reported that Goldberg Alan E has picked up 23,852,117 of common stock as of 2017-02-27.
The acquisition brings the aggregate amount owned by Goldberg Alan E to a total of 23,852,117 representing a 13.1% stake in the company.
For those not familiar with the company, 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. The Company also has an interest in producing properties in Northwestern Colorado in the Niobrara Formation and in Western North Dakota in 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 and an interest in an entity that operates in the Phu Horm gas field in Thailand. The Company also owns interests in various fields, which includes Deer Island, Fay South, Crest, Squaw Cheek, Green River Basin and Watonga Chickasha Trend.
A glance at Gulfport Energy Corp (NASDAQ:GPOR)’s key stats reveals a current market capitalization of 2.73 billion based on 158.83 million shares outstanding and a price at last close of $17.51 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-06-11, Morris picked up 1,000 at a purchase price of $44.31. This brings their total holding to 3,930 as of the date of the filing.
On the sell side, the most recent transaction saw Baldwin unload 566 shares at a sale price of $27.00. This brings their total holding to 21,634.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Gulfport Energy Corp (NASDAQ:GPOR) as things move forward to see if its progress aligns with these transactions.
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