Florida-based GeoSphere Capital Management revealed a $4 million position in Gulfport Energy Corporation, acquiring 22,000 shares in the third quarter, as per an SEC filing on November 14. Top holdings after the filing include NASDAQ: NESR at $15.3 million and NYSE: BKV at $6.5 million.

Shares of Gulfport Energy Corporation were at $216.25, up 23% over the past year, outperforming the S&P 500. The company, with a market capitalization of $4.2 billion, focuses on natural gas and liquids-rich resource development in the U.S., particularly in the Utica Shale and SCOOP plays.

GeoSphere Capital Management’s new position in Gulfport Energy comes at a time of operational strength for the company, with net income of $111.4 million and plans to repurchase $325 million of stock in 2025. This aligns with Gulfport’s growing inventory, capital efficiency, and focus on shareholder returns in the energy sector.

Read more at Yahoo Finance: Gulfport Energy Stock Is Hitting New Highs as Another Investor Discloses Buying $4 Million Worth of Shares