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

Hartree Partners LP cut its holdings in shares of Greenfire Resources Ltd. (NYSE:GFR) by 68.7% in the 4th quarter, HoldingsChannel reports. The firm owned 159,080 shares of the company’s stock after selling 349,900 shares during the quarter. Hartree Partners LP’s holdings in Greenfire Resources were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Greenfire Resources Stock Performance

Shares of GFR opened at $5.49 on Friday. Greenfire Resources Ltd. has a 1 year low of $4.82 and a 1 year high of $8.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.58. The stock’s fifty day moving average price is $6.00 and its two-hundred day moving average price is $6.78. The firm has a market cap of $381.59 million, a PE ratio of 15.69 and a beta of 0.29.

Greenfire Resources (NYSE:GFR) last announced its quarterly earnings data on Monday, March 17th. The company reported $0.78 earnings per share (EPS) for the quarter. The business had revenue of $149.31 million for the quarter. Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%.

About Greenfire Resources

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.