Greenfire Resources Ltd. (NYSE:GFR) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its position in Greenfire Resources Ltd. (NYSE:GFR) by 62.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 786,486 shares of the company’s stock after selling 1,308,247 shares during the quarter. Paloma Partners Management Co owned about 1.13% of Greenfire Resources worth $5,859,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GFR. Ninepoint Partners LP acquired a new stake in Greenfire Resources in the 2nd quarter valued at about $18,562,000. Encompass Capital Advisors LLC raised its holdings in shares of Greenfire Resources by 21.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 4,374,312 shares of the company’s stock worth $29,527,000 after purchasing an additional 771,756 shares in the last quarter. FMR LLC acquired a new stake in Greenfire Resources during the third quarter valued at approximately $3,234,000. BW Gestao de Investimentos Ltda. acquired a new stake in Greenfire Resources during the second quarter valued at approximately $1,120,000. Finally, Luxor Capital Group LP boosted its holdings in Greenfire Resources by 8.9% during the second quarter. Luxor Capital Group LP now owns 1,948,026 shares of the company’s stock worth $13,149,000 after buying an additional 159,900 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Price Performance

NYSE GFR opened at $7.30 on Monday. Greenfire Resources Ltd. has a 1 year low of $4.68 and a 1 year high of $8.16. The business’s fifty day moving average is $7.40 and its two-hundred day moving average is $6.96. The stock has a market capitalization of $507.13 million, a P/E ratio of 20.86 and a beta of 0.28. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.67.

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.