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

Corigliano Investment Advisers LLC lowered its holdings in Gulfport Energy Corporation (NYSE:GPOR) by 95.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

Several other institutional investors also recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in shares of Gulfport Energy in the third quarter worth $28,000. Allworth Financial LP raised its stake in Gulfport Energy by 113.3% during the 4th quarter. Allworth Financial LP now owns 160 shares of the company’s stock valued at $33,000 after purchasing an additional 85 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Gulfport Energy by 364.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 251 shares of the company’s stock valued at $50,000 after purchasing an additional 197 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Gulfport Energy in the 4th quarter valued at $54,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in Gulfport Energy in the 4th quarter worth $150,000.

Gulfport Energy Stock Performance

Gulfport Energy stock opened at $162.10 on Thursday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 5.54 and a beta of 0.41. The stock has a fifty day moving average price of $181.26 and a two-hundred day moving average price of $194.58. Gulfport Energy Corporation has a 52-week low of $159.34 and a 52-week high of $225.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.56.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GPOR shares. Wall Street Zen cut shares of Gulfport Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial cut their price target on Gulfport Energy from $230.00 to $219.00 and set a “hold” rating for the company in a report on Friday, May 8th. Bank of America lifted their price objective on Gulfport Energy from $215.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Mizuho upgraded Gulfport Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $251.00 to $252.00 in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their target price on Gulfport Energy from $228.00 to $229.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $230.22.

Insider Activity

In related news, Director Jason Joseph Martinez sold 400 shares of the stock in a transaction dated Thursday, April 2nd. The shares were 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 in the company, valued at $829,699.20. This trade represents a 9.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Gulfport Energy 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.