Wellington Management Discloses Passive Stake in Gulfport Energy
Ticker: GPOR · Form: SC 13G · Filed: Feb 8, 2024 · CIK: 874499
| Field | Detail |
|---|---|
| Company | Gulfport Energy CORP (GPOR) |
| Form Type | SC 13G |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Wellington Management just revealed a big, passive stake in Gulfport Energy.**
AI Summary
Wellington Management Group LLP, a major investment firm, filed an SC 13G on February 8, 2024, disclosing its ownership of Gulfport Energy Corporation (CUSIP 402635502) common stock as of December 29, 2023. This filing indicates that Wellington Management holds a significant, passive stake in Gulfport Energy, signaling their confidence in the company's prospects. For investors, this matters because large institutional ownership can provide stability and a vote of confidence, potentially influencing stock performance.
Why It Matters
This filing shows a major institutional investor, Wellington Management, has taken a significant position in Gulfport Energy, which can be seen as a positive signal for the company's future.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling confidence rather than an activist challenge.
Analyst Insight
A smart investor would view this as a positive signal, indicating institutional confidence in Gulfport Energy, and might consider further research into the company's fundamentals.
Key Players & Entities
- Wellington Management Group LLP (company) — the reporting person and institutional investor
- Gulfport Energy Corporation (company) — the subject company whose securities are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 8, 2024 (date) — the filing date of the SC 13G
- 402635502 (number) — CUSIP number for Gulfport Energy's Common Stock
Forward-Looking Statements
- Gulfport Energy's stock price will experience increased stability due to institutional backing. (Gulfport Energy Corporation) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Wellington Management Group LLP, located at 280 Congress Street, Boston, MA.
What company's securities are the subject of this filing?
The subject company for this filing is Gulfport Energy Corporation, with its business address at 14313 North May Avenue, Suite 100, Oklahoma City, OK.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the class of securities (Common Stock) of Gulfport Energy Corporation is 402635502.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
Filing Stats: 1,964 words · 8 min read · ~7 pages · Grade level 10 · Accepted 2024-02-08 10:21:26
Filing Documents
- SEC13G_Filing.htm (SC 13G) — 35KB
- 0000902219-24-000173.txt ( ) — 37KB
From the Filing
SC 13G 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. _ ) * Gulfport Energy Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 402635502 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 402635502 1. NAMES OF REPORTING PERSONS Wellington Management Group LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 774,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,008,733 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,733 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.42% 12. TYPE OF REPORTING PERSON HC CUSIP No. 402635502 1. NAMES OF REPORTING PERSONS Wellington Group Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 774,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,008,733 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,733 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.42% 12. TYPE OF REPORTING PERSON HC CUSIP No. 402635502 1. NAMES OF REPORTING PERSONS Wellington Investment Advisors Holdings LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 774,068 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,008,733 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,733 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.42% 12. TYPE OF REPORTING PERSON HC CUSIP No. 402635502 1. NAMES OF REPORTING PERSONS Wellington Management Company LLP 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 768,029 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 950,381 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 950,381 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.10% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Gulfport Energy Corporation (b) Address of Issuer's Principal Executive Offices 713 Market Drive Oklahoma City, OK 73114 Item 2. (a) Name of Person Filing Wellington Management Group LLP Wellington Group Holdings LLP Wellington Investment Advisors Holdings LLP Wellington Management Company LLP (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Wellington Management Group LLP - Massachusetts Wellington Group Holdings LLP - Delaware Wellington Investment Advisors Holdings LLP - Delaware Wellington Management Company LLP - Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 402635502 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3