Gulfport Energy CEO Domenic Dell'Osso bought 1,600 shares at $160.61 each, raising his direct stake to 24,349 shares. The company trades at 6.8x earnings with $1.5B revenue.
GULFPORT ENERGY CORP currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
Gulfport Energy CEO Domenic J. Dell'Osso Jr. bought 1,600 shares of the company's common stock on Aug. 7, according to an SEC Form 4 filing. The shares were acquired at a weighted average price of $160.61, slightly below the $162.76 market close that day. The purchase value was roughly $257,000.
The transaction expanded Dell'Osso's direct holdings by 7%, bringing his total to 24,349 shares. The filing shows no indirect ownership or other share classes.
Gulfport, based in Oklahoma City, is an independent upstream producer focused on the Louisiana Gulf Coast. The company generated $1.5 billion in trailing-twelve-month revenue and $496.7 million in net income, with a net margin of 33.1%. Its market capitalization stood at $2.9 billion as of Aug. 7.
Shares of Gulfport have returned 162% over the last five years, compared with the S&P 500's 86% total return. The stock trades at a price-to-earnings multiple of 6.8x. Free cash flow over the past 12 months reached about $250 million, and management provided upbeat guidance for the second half of the year.
Insider purchases are often viewed as a signal of management's confidence, though the $257,000 buy represents a modest fraction of Dell'Osso's total stake, now worth nearly $4 million.
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