Corigliano Investment Advisers LLC Has $686,000 Stake in Gulfport Energy Corporation $GPOR

Corigliano Investment Advisers LLC reduced its position in shares of Gulfport Energy Corporation (NYSE:GPOR) by 95.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the company’s stock after selling 63,352 shares during the quarter. Corigliano Investment Advisers LLC’s holdings in Gulfport Energy were worth $686,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GPOR. Advisory Services Network LLC purchased a new position in shares of Gulfport Energy during the third quarter valued at $28,000. Allworth Financial LP boosted its position in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock worth $33,000 after acquiring an additional 85 shares during the period. EverSource Wealth Advisors LLC boosted its position in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 197 shares during the period. Kestra Advisory Services LLC purchased a new position in Gulfport Energy during the 4th quarter valued at about $54,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Gulfport Energy during the 4th quarter valued at about $150,000.

Gulfport Energy Trading Down 1.2%

NYSE:GPOR opened at $162.10 on Thursday. The company has a market capitalization of $2.91 billion, a P/E ratio of 5.54 and a beta of 0.41. The stock’s 50 day moving average price is $181.26 and its 200 day moving average price is $194.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.56. Gulfport Energy Corporation has a 52 week low of $159.34 and a 52 week high of $225.78.

Insiders Place Their Bets

In other Gulfport Energy news, Director Jason Joseph Martinez sold 400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $213.40, for a total transaction of $85,360.00. Following the completion of the sale, the director owned 3,888 shares of the company’s stock, valued at $829,699.20. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

GPOR has been the subject of several research reports. Mizuho upgraded shares of Gulfport Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $251.00 to $252.00 in a report on Wednesday, May 27th. Truist Financial cut their target price on shares of Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Bank of America lifted their target price on shares of Gulfport Energy from $215.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. UBS Group lowered their price target on shares of Gulfport Energy from $260.00 to $245.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $230.22.

Gulfport Energy Company Profile

Gulfport Energy Corporation is an independent oil and gas exploration and production company based in Oklahoma City, Oklahoma. The company focuses on the development of onshore natural gas, natural gas liquids (NGLs) and crude oil properties in the United States. Gulfport utilizes horizontal drilling and multi-stage hydraulic fracturing techniques to maximize production and enhance recovery from its resource plays.

The company’s primary operations are concentrated in two major U.S. resource basins.