LPL Financial LLC Invests $270,000 in Greenfire Resources Ltd. (NYSE:GFR)

LPL Financial LLC bought a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 38,230 shares of the company’s stock, valued at approximately $270,000.

A number of other institutional investors have also made changes to their positions in GFR. Louisbourg Investments Inc. acquired a new position in shares of Greenfire Resources during the fourth quarter worth $1,787,000. Hillsdale Investment Management Inc. acquired a new position in shares of Greenfire Resources during the fourth quarter worth $1,155,000. Jane Street Group LLC acquired a new position in shares of Greenfire Resources during the third quarter worth $111,000. Northwest & Ethical Investments L.P. acquired a new position in shares of Greenfire Resources during the fourth quarter worth $45,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Greenfire Resources during the third quarter worth $29,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Greenfire Resources Trading Up 0.2 %

NYSE GFR opened at $5.00 on Tuesday. The stock has a market cap of $347.34 million, a P/E ratio of 14.29 and a beta of 0.28. The company’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $6.39. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.30. Greenfire Resources Ltd. has a 52 week low of $4.36 and a 52 week high of $8.16.

Greenfire Resources (NYSE:GFR) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.78 earnings per share (EPS) for the quarter. The firm had revenue of $149.31 million for the quarter. Greenfire Resources had a net margin of 5.02% and a return on equity of 5.40%.

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.