Hartree Partners LP Trims Position in Greenfire Resources Ltd. (NYSE:GFR)

Hartree Partners LP lessened its holdings in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 68.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 159,080 shares of the company's stock after selling 349,900 shares during the quarter. Hartree Partners LP owned 0.23% of Greenfire Resources worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Luxor Capital Group LP increased its holdings in Greenfire Resources by 45.6% in the 3rd quarter. Luxor Capital Group LP now owns 2,836,592 shares of the company's stock worth $21,133,000 after buying an additional 888,566 shares during the period. Wexford Capital LP purchased a new position in Greenfire Resources during the third quarter worth approximately $5,845,000. FMR LLC purchased a new position in Greenfire Resources during the third quarter worth approximately $3,234,000. Louisbourg Investments Inc. acquired a new position in shares of Greenfire Resources during the 4th quarter worth approximately $1,787,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Greenfire Resources in the 4th quarter valued at $1,178,000. Institutional investors and hedge funds own 88.89% of the company's stock.

Greenfire Resources Price Performance

GFR traded down $0.23 during midday trading on Thursday, hitting $5.77. 19,478 shares of the company traded hands, compared to its average volume of 85,530. The company has a market capitalization of $400.83 million, a price-to-earnings ratio of 16.49 and a beta of 0.28. The business has a 50 day simple moving average of $5.94 and a two-hundred day simple moving average of $6.77. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. Greenfire Resources Ltd. has a 52-week low of $4.82 and a 52-week high of $8.16.

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

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.