Greenfire Resources Ltd. $GFR Shares Purchased by BW Gestao de Investimentos Ltda.

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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC lifted its position in shares of Greenfire Resources by 66.3% during the 1st quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company's stock valued at $97,000 after acquiring an additional 6,633 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Greenfire Resources in the 4th quarter worth approximately $100,000. XTX Topco Ltd purchased a new stake in shares of Greenfire Resources during the 1st quarter valued at $103,000. Dimensional Fund Advisors LP purchased a new stake in shares of Greenfire Resources during the 4th quarter valued at $138,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of Greenfire Resources during the 1st quarter valued at $216,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Greenfire Resources Stock Down 0.8%

Greenfire Resources stock traded down $0.04 during trading on Monday, reaching $5.05. 1,306 shares of the company's stock were exchanged, compared to its average volume of 73,989. Greenfire Resources Ltd. has a 52-week low of $3.81 and a 52-week high of $8.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.54 and a current ratio of 2.82. The firm has a market cap of $350.75 million, a price-to-earnings ratio of 2.48 and a beta of 0.29. The company's 50-day moving average is $4.61 and its two-hundred day moving average is $4.81.

Greenfire Resources (NYSE:GFR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.50 EPS for the quarter, topping 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%.

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.