BW Gestao de Investimentos Ltda. Grows Stock Position in Greenfire Resources Ltd. (NYSE:GFR)

BW Gestao de Investimentos Ltda. grew its position in Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 41.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 930,592 shares of the company's stock after acquiring an additional 270,773 shares during the period. BW Gestao de Investimentos Ltda. owned about 1.34% of Greenfire Resources worth $6,570,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GFR. JPMorgan Chase & Co. acquired a new position in shares of Greenfire Resources during the 3rd quarter worth about $29,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Greenfire Resources in the fourth quarter valued at approximately $45,000. Jump Financial LLC acquired a new stake in shares of Greenfire Resources in the fourth quarter worth approximately $107,000. Jane Street Group LLC acquired a new stake in shares of Greenfire Resources in the third quarter worth approximately $111,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Greenfire Resources during the fourth quarter worth approximately $138,000. 88.89% of the stock is owned by hedge funds and other institutional investors.

Greenfire Resources Price Performance

NYSE GFR traded down $0.59 during trading hours on Wednesday, hitting $3.94. 329,758 shares of the company's stock traded hands, compared to its average volume of 100,287. 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 firm's 50-day moving average is $5.11 and its 200-day moving average is $6.29. Greenfire Resources Ltd. has a 52-week low of $3.81 and a 52-week high of $8.16. The company has a market capitalization of $273.36 million, a PE ratio of 11.24 and a beta of 0.31.

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

Wall Street Analysts Forecast Growth

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

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.