BW Gestao de Investimentos Ltda. Has $9.88 Million Holdings in Greenfire Resources Ltd. $GFR

Key Points

• BW Gestao de Investimentos Ltda. increased its holdings in Greenfire Resources Ltd. by 80.9%, acquiring an additional 753,033 shares, bringing its total ownership to approximately 2.42% of the company.
• Other institutional investors have significantly increased their positions in Greenfire Resources, with 88.89% of the stock currently owned by such investors.
• Greenfire Resources reported an earnings per share (EPS) of $0.50, surpassing analysts' expectations of $0.31, indicating strong financial performance in the recent quarter.

BW Gestao de Investimentos Ltda. grew its stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 80.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,683,625 shares of the company's stock after acquiring an additional 753,033 shares during the period. BW Gestao de Investimentos Ltda. owned about 2.42% of Greenfire Resources worth $9,883,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GFR. MetLife Investment Management LLC purchased a new stake in Greenfire Resources in the first quarter valued at $2,370,000. Wexford Capital LP grew its stake in shares of Greenfire Resources by 39.2% in the 4th quarter. Wexford Capital LP now owns 1,092,071 shares of the company's stock valued at $7,710,000 after buying an additional 307,456 shares during the period. Louisbourg Investments Inc. grew its stake in shares of Greenfire Resources by 46.7% in the 1st quarter. Louisbourg Investments Inc. now owns 371,979 shares of the company's stock valued at $2,207,000 after buying an additional 118,500 shares during the period. Bank of America Corp DE boosted its position in shares of Greenfire Resources by 2,839.7% during the 4th quarter. Bank of America Corp DE now owns 79,371 shares of the company's stock worth $560,000 after purchasing an additional 76,671 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Greenfire Resources by 6,363.6% during the 1st quarter. Royal Bank of Canada now owns 56,750 shares of the company's stock worth $333,000 after purchasing an additional 55,872 shares during the period. Institutional investors own 88.89% of the company's stock.

Greenfire Resources Stock Down 3.0%

NYSE:GFR traded down $0.16 during midday trading on Friday, hitting $5.09. 18,284 shares of the company were exchanged, compared to its average volume of 48,106. The company has a current ratio of 2.82, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $353.60 million, a PE ratio of 2.50 and a beta of 0.30. Greenfire Resources Ltd. has a fifty-two week low of $3.81 and a fifty-two week high of $8.16. The company has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $4.82.

Greenfire Resources (NYSE:GFR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.19. Greenfire Resources had a net margin of 28.61% and a return on equity of 24.62%.

Greenfire Resources Company 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.