SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 6.0% Passive Stake in Gulfport Energy Corp
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have jointly disclosed a 6.0% beneficial ownership stake in Gulfport Energy Corp's common stock as of December 31, 2024, held for passive investment purposes.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 1,069,785.86 shares of Gulfport Energy Corp common stock.
- This represents 6.0% of the total outstanding common stock of Gulfport Energy Corp.
- The filing is a Schedule 13G, indicating that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC holds sole voting power over 1,069,118.00 shares and sole dispositive power over 1,069,785.86 shares.
- Abigail P. Johnson holds sole dispositive power over 1,069,785.86 shares, but no sole or shared voting power.
- The filing was made jointly by FMR LLC and Abigail P. Johnson under a Rule 13d-1(k)(1) agreement.
- Several FMR LLC subsidiaries and affiliates, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are listed as relevant entities.
Sentiment
Score: 5
Explanation: Neutral. The document is a factual disclosure of beneficial ownership and does not contain positive or negative operational or financial news about the issuer.
Positives
- A significant institutional investor (FMR LLC) and its principal (Abigail P. Johnson) have taken a 6.0% stake, which could be seen as a vote of confidence in Gulfport Energy Corp.
- The passive nature of the investment (Schedule 13G) suggests it is not intended to disrupt current management or operations.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by a major financial institution in an energy sector company. Such investments are common as institutional funds allocate capital across various industries, including oil and gas, based on their investment strategies and market outlook.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by a major institutional investor may be viewed positively, potentially signaling confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries. |
| 2023-01-10 | FMR LLC filed Schedule 13G (accession number -23-000003) where its Power of Attorney was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | FMR LLC filed Schedule 13G (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing/signature date of the Schedule 13G. |
Keywords
Gulfport Energy Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Investment, Energy Sector, Oil and Gas
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