Arrowstreet Capital Limited Partnership Buys Shares of 167,234 Greenfire Resources Ltd. (NYSE:GFR)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 167,234 shares of the company's stock, valued at approximately $1,178,000. Arrowstreet Capital Limited Partnership owned about 0.24% of Greenfire Resources at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Greenfire Resources during the 3rd quarter valued at $29,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Greenfire Resources in the 4th quarter worth about $45,000. The Manufacturers Life Insurance Company bought a new position in Greenfire Resources during the 3rd quarter valued at about $82,000. Jane Street Group LLC bought a new stake in Greenfire Resources in the third quarter worth about $111,000. Finally, LPL Financial LLC purchased a new position in shares of Greenfire Resources during the fourth quarter valued at approximately $270,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenfire Resources Trading Up 1.8 %

Shares of GFR stock traded up $0.09 on Thursday, reaching $5.08. 5,297 shares of the company's stock were exchanged, compared to its average volume of 96,591. The company's fifty day simple moving average is $5.54 and its 200 day simple moving average is $6.56. Greenfire Resources Ltd. has a 52 week low of $4.36 and a 52 week high of $8.16. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $352.90 million, a PE ratio of 14.51 and a beta of 0.28.

Greenfire Resources (NYSE:GFR - Get Free Report) last issued its earnings results on Monday, March 17th. The company reported $0.78 earnings per share (EPS) for the quarter. The firm had revenue of $149.31 million during the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.

Greenfire Resources Profile

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen.