Hartree Partners LP Sells 109,280 Shares of Greenfire Resources Ltd. $GFR

Key Points

• Hartree Partners LP significantly reduced its stake in Greenfire Resources Ltd. by 68.7% in the first quarter, selling over 109,000 shares, leaving it with 49,800 shares valued at $292,000.
• In contrast, FNY Investment Advisers LLC increased its holdings in Greenfire by 66.3%, now owning 16,633 shares worth $97,000.
• Greenfire Resources recently reported $0.50 earnings per share for the quarter, surpassing analysts' expectations, and has a current average rating of "Buy" from analysts.

Hartree Partners LP trimmed its position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) by 68.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,800 shares of the company's stock after selling 109,280 shares during the period. Hartree Partners LP owned about 0.07% of Greenfire Resources worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FNY Investment Advisers LLC grew its position in Greenfire Resources by 66.3% during the 1st quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company's stock worth $97,000 after acquiring an additional 6,633 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Greenfire Resources during the 4th quarter worth approximately $100,000. Jump Financial LLC bought a new position in Greenfire Resources during the 4th quarter worth approximately $107,000. Citadel Advisors LLC grew its position in Greenfire Resources by 27.5% during the 4th quarter. Citadel Advisors LLC now owns 79,766 shares of the company's stock worth $563,000 after acquiring an additional 17,203 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Greenfire Resources during the 1st quarter worth approximately $103,000. 88.89% of the stock is currently owned by institutional investors.

Greenfire Resources Trading Up 2.5%

Shares of GFR traded up $0.12 during mid-day trading on Wednesday, hitting $5.01. 142,394 shares of the company's stock traded hands, compared to its average volume of 74,450. The company has a quick ratio of 2.54, a current ratio of 2.82 and a debt-to-equity ratio of 0.35. Greenfire Resources Ltd. has a 1 year low of $3.81 and a 1 year high of $8.16. The firm has a market capitalization of $348.04 million, a P/E ratio of 2.46 and a beta of 0.28. The business's 50-day moving average price is $4.53 and its 200-day moving average price is $4.90.

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

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets restated an "outperform" rating on shares of Greenfire Resources in a research report on Wednesday, May 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Greenfire Resources has a consensus rating of "Buy".

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.