Polar Asset Management Partners Inc. Buys Shares of 50,000 Greenfire Resources Ltd. $GFR

Key Points

• Polar Asset Management Partners Inc. has acquired a new stake in Greenfire Resources Ltd., purchasing 50,000 shares valued at approximately $297,000, representing about 0.07% of the company.
• Other institutional investors have also increased their positions in Greenfire, with notable increases from FNY Investment Advisers LLC and others, contributing to institutional ownership of 88.89% in the company.
• Greenfire Resources reported a quarterly earnings per share (EPS) of $0.50, surpassing analysts' expectations of $0.31, indicating strong financial performance in the recent quarter.

Polar Asset Management Partners Inc. acquired a new position in shares of Greenfire Resources Ltd. (NYSE:GFR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company's stock, valued at approximately $297,000. Polar Asset Management Partners Inc. owned 0.07% of Greenfire Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GFR. Dimensional Fund Advisors LP acquired a new stake in Greenfire Resources in the fourth quarter worth approximately $138,000. Bank of America Corp DE lifted 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 valued at $560,000 after acquiring an additional 76,671 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Greenfire Resources by 27.5% during the 4th 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Greenfire Resources during the 4th quarter valued at $100,000. Finally, Wexford Capital LP lifted its position in shares of Greenfire Resources by 39.2% during the 4th 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 last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Greenfire Resources Price Performance

Shares of NYSE:GFR traded up $0.03 on Friday, reaching $4.78. 1,575 shares of the company traded hands, compared to its average volume of 72,805. Greenfire Resources Ltd. has a fifty-two week low of $3.81 and a fifty-two week high of $8.16. The company's 50 day moving average is $4.63 and its 200-day moving average is $4.79. The stock has a market capitalization of $332.07 million, a PE ratio of 2.34 and a beta of 0.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.82 and a quick ratio of 2.54.

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

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.