BW Gestao de Investimentos Ltda. Has $6.57 Million Stock Position in Greenfire Resources Ltd. (NYSE:GFR)

BW Gestao de Investimentos Ltda. increased its position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 930,592 shares of the company's stock after buying an additional 270,773 shares during the period. BW Gestao de Investimentos Ltda. owned 1.34% of Greenfire Resources worth $6,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Greenfire Resources during the 3rd quarter worth about $111,000. JPMorgan Chase & Co. acquired a new position in Greenfire Resources during the third quarter worth approximately $29,000. Louisbourg Investments Inc. bought a new stake in Greenfire Resources in the fourth quarter valued at approximately $1,787,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Greenfire Resources in the fourth quarter valued at approximately $45,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Greenfire Resources during the 4th quarter worth approximately $1,155,000. 88.89% of the stock is owned by institutional investors.

Greenfire Resources Stock Performance

GFR traded down $0.23 on Friday, reaching $4.17. The company had a trading volume of 104,448 shares, compared to its average volume of 101,600. The company's fifty day moving average is $5.05 and its 200 day moving average is $6.25. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67. The stock has a market cap of $289.68 million, a P/E ratio of 11.91 and a beta of 0.31. Greenfire Resources Ltd. has a fifty-two week low of $3.31 and a fifty-two week high of $8.16.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16). Greenfire Resources had a return on equity of 5.40% and a net margin of 5.02%. The firm had revenue of $123.16 million for the quarter.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an "outperform" rating on shares of Greenfire Resources in a report on Wednesday.

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.