JPMorgan Chase & Co. Takes $29,000 Position in Greenfire Resources Ltd. (NYSE:GFR)

JPMorgan Chase & Co. purchased a new position in shares of Greenfire Resources Ltd. (NYSE:GFR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,947 shares of the company’s stock, valued at approximately $29,000.

A number of other institutional investors and hedge funds also recently modified their holdings of GFR. Luxor Capital Group LP increased its stake in Greenfire Resources by 45.6% during the 3rd quarter. Luxor Capital Group LP now owns 2,836,592 shares of the company’s stock valued at $21,133,000 after buying an additional 888,566 shares during the period. Jane Street Group LLC acquired a new position in Greenfire Resources in the 3rd quarter valued at approximately $111,000. Wexford Capital LP acquired a new stake in Greenfire Resources during the third quarter valued at $5,845,000. Walleye Capital LLC acquired a new stake in shares of Greenfire Resources during the 3rd quarter valued at about $278,000. Finally, FMR LLC acquired a new position in Greenfire Resources during the third quarter worth $3,234,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Greenfire Resources Trading Up 4.2 %

Shares of NYSE:GFR opened at $6.65 on Wednesday. The company has a market cap of $461.63 million, a P/E ratio of 18.99 and a beta of 0.28. Greenfire Resources Ltd. has a 52-week low of $4.68 and a 52-week high of $8.16. The stock’s 50-day moving average is $6.89 and its 200-day moving average is $7.10. 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 Company 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.