Paloma Partners Management Co Sells 1,308,247 Shares of Greenfire Resources Ltd. (NYSE:GFR)

Paloma Partners Management Co trimmed its stake in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 62.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 786,486 shares of the company's stock after selling 1,308,247 shares during the quarter. Paloma Partners Management Co owned approximately 1.13% of Greenfire Resources worth $5,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Walleye Capital LLC bought a new position in Greenfire Resources in the 3rd quarter valued at $278,000. FMR LLC bought a new stake in shares of Greenfire Resources in the 3rd quarter worth approximately $3,234,000. The Manufacturers Life Insurance Company bought a new position in shares of Greenfire Resources during the third quarter valued at about $82,000. Ninepoint Partners LP purchased a new position in Greenfire Resources in the 2nd quarter worth approximately $18,562,000. Finally, Luxor Capital Group LP raised its holdings in Greenfire Resources by 8.9% during the 2nd quarter. Luxor Capital Group LP now owns 1,948,026 shares of the company's stock valued at $13,149,000 after buying an additional 159,900 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company's stock.

Greenfire Resources Trading Down 1.0 %

NYSE GFR traded down $0.07 during trading on Monday, hitting $7.23. The company had a trading volume of 169,905 shares, compared to its average volume of 73,060. The company's fifty day moving average is $7.40 and its 200-day moving average is $6.96. 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 company has a market cap of $502.27 million, a price-to-earnings ratio of 20.86 and a beta of 0.28. Greenfire Resources Ltd. has a one year low of $4.68 and a one year high of $8.16.

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.