Ninepoint Partners LP Has $14.12 Million Stock Position in Greenfire Resources Ltd. (NYSE:GFR)

Ninepoint Partners LP lessened its stake in shares of Greenfire Resources Ltd. (NYSE:GFR) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,000,000 shares of the company’s stock after selling 800,000 shares during the quarter. Greenfire Resources makes up 2.1% of Ninepoint Partners LP’s holdings, making the stock its 11th biggest holding. Ninepoint Partners LP owned approximately 2.88% of Greenfire Resources worth $14,120,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GFR. The Manufacturers Life Insurance Company bought a new stake in shares of Greenfire Resources during the third quarter worth $82,000. FMR LLC bought a new stake in shares of Greenfire Resources during the third quarter worth $3,234,000. Walleye Capital LLC bought a new stake in shares of Greenfire Resources during the third quarter worth $278,000. Wexford Capital LP bought a new stake in shares of Greenfire Resources during the third quarter worth $5,845,000. Finally, Jane Street Group LLC bought a new stake in shares of Greenfire Resources during the third quarter worth $111,000. Institutional investors own 88.89% of the company’s stock.

Greenfire Resources Stock Performance

NYSE GFR opened at $4.94 on Friday. The firm’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.90. The stock has a market cap of $342.82 million, a PE ratio of 14.10 and a beta of 0.29. Greenfire Resources Ltd. has a fifty-two week low of $4.82 and a fifty-two week high of $8.16. 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.