K2 Principal Fund L.P. Makes New $602,000 Investment in Greenfire Resources Ltd. $GFR

Key Points

• K2 Principal Fund L.P. acquired 102,600 shares of Greenfire Resources Ltd. in Q1, valued at approximately $602,000, representing 0.15% of the company's total shares.
• Other institutional investors also increased their stakes significantly, with FNY Investment Advisers boosting their holdings by 66.3% and ownership by institutions totaling 88.89%.
• Greenfire Resources reported earnings of $0.50 per share, surpassing analysts' expectations, and maintaining strong financial metrics including a net margin of 28.61%.

K2 Principal Fund L.P. acquired a new stake in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 102,600 shares of the company's stock, valued at approximately $602,000. K2 Principal Fund L.P. owned about 0.15% of Greenfire Resources as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GFR. Dimensional Fund Advisors LP bought a new position in Greenfire Resources during the fourth quarter valued at $138,000. Bank of America Corp DE raised its stake in shares of Greenfire Resources by 2,839.7% in the fourth quarter. Bank of America Corp DE now owns 79,371 shares of the company's stock valued at $560,000 after acquiring an additional 76,671 shares during the period. Citadel Advisors LLC raised its stake in shares of Greenfire Resources by 27.5% in the fourth quarter. Citadel Advisors LLC now owns 79,766 shares of the company's stock valued at $563,000 after acquiring an additional 17,203 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Greenfire Resources in the fourth quarter valued at $100,000. Finally, Wexford Capital LP raised its stake in shares of Greenfire Resources by 39.2% in the fourth quarter. Wexford Capital LP now owns 1,092,071 shares of the company's stock valued at $7,710,000 after acquiring an additional 307,456 shares during the period. Institutional investors own 88.89% of the company's stock.

Greenfire Resources Trading Down 0.7%

Shares of GFR traded down $0.04 during midday trading on Wednesday, hitting $4.78. The stock had a trading volume of 26,218 shares, compared to its average volume of 73,425. Greenfire Resources Ltd. has a 1 year low of $3.81 and a 1 year high of $8.16. The firm has a market cap of $332.33 million, a PE ratio of 2.35 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.82 and a quick ratio of 2.54. The stock's 50 day moving average is $4.63 and its 200 day moving average is $4.80.

Greenfire Resources (NYSE:GFR - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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.