MetLife Investment Management LLC Takes Position in Greenfire Resources Ltd. $GFR

Key Points

• MetLife Investment Management LLC invested approximately $2.37 million in Greenfire Resources Ltd., acquiring 403,690 shares, which accounts for about 0.58% of the company's stock.
• Several institutional investors, including JPMorgan Chase & Co., increased their stakes in Greenfire Resources, indicating a strong interest from hedge funds with institutional ownership reaching 88.89%.
• Analysts maintain a positive outlook on Greenfire Resources, with BMO Capital Markets restating an "outperform" rating and the consensus rating at "Buy".

MetLife Investment Management LLC purchased a new position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 403,690 shares of the company's stock, valued at approximately $2,370,000. MetLife Investment Management LLC owned approximately 0.58% of Greenfire Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Greenfire Resources in the fourth quarter worth approximately $100,000. FNY Investment Advisers LLC grew its holdings in shares of Greenfire Resources by 66.3% in the first quarter. FNY Investment Advisers LLC now owns 16,633 shares of the company's stock worth $97,000 after purchasing an additional 6,633 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Greenfire Resources in the first quarter worth approximately $103,000. Dimensional Fund Advisors LP bought a new position in shares of Greenfire Resources in the fourth quarter worth approximately $138,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Greenfire Resources by 523.8% in the fourth quarter. JPMorgan Chase & Co. now owns 24,623 shares of the company's stock worth $174,000 after purchasing an additional 20,676 shares during the last quarter. 88.89% of the stock is owned by hedge funds and other institutional investors.

Greenfire Resources Trading Down 3.0%

Shares of Greenfire Resources stock traded down $0.16 on Friday, hitting $5.09. The stock had a trading volume of 18,284 shares, compared to its average volume of 48,106. 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 one year low of $3.81 and a one year high of $8.16. The stock has a market cap of $353.60 million, a price-to-earnings ratio of 2.50 and a beta of 0.30. The stock's 50-day simple moving average is $4.61 and its two-hundred day simple moving average is $4.82.

Greenfire Resources (NYSE:GFR - Get Free Report) last released its quarterly 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.