LPL Financial LLC Buys New Shares in Greenfire Resources Ltd. (NYSE:GFR)

LPL Financial LLC bought a new stake in Greenfire Resources Ltd. (NYSE:GFR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,230 shares of the company’s stock, valued at approximately $270,000. LPL Financial LLC owned 0.06% of Greenfire Resources as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Greenfire Resources in the third quarter valued at approximately $29,000. Northwest & Ethical Investments L.P. purchased a new stake in Greenfire Resources in the fourth quarter valued at approximately $45,000. Jane Street Group LLC purchased a new stake in Greenfire Resources in the third quarter valued at approximately $111,000. Hillsdale Investment Management Inc. purchased a new stake in Greenfire Resources in the fourth quarter valued at approximately $1,155,000. Finally, Louisbourg Investments Inc. purchased a new stake in Greenfire Resources during the fourth quarter worth approximately $1,787,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenfire Resources Price Performance

GFR opened at $5.00 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.67 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. The company has a 50 day moving average of $5.30 and a two-hundred day moving average of $6.39. The company has a market cap of $347.34 million, a P/E ratio of 14.29 and a beta of 0.28.

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

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.